$541.25 Million in Sales Expected for DST Systems, Inc. (NYSE:DST) This Quarter
Analysts expect that DST Systems, Inc. (NYSE:DST) will announce sales of $541.25 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for DST Systems’ earnings. The highest sales estimate is $548.00 million and the lowest is $534.50 million. DST Systems posted sales of $373.90 million in the same quarter last year, which would indicate a positive year over year growth rate of 44.8%. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, July 27th.
On average, analysts expect that DST Systems will report full year sales of $541.25 million for the current financial year, with estimates ranging from $1.98 billion to $2.01 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.24 billion per share, with estimates ranging from $2.23 billion to $2.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow DST Systems.
DST Systems (NYSE:DST) last released its earnings results on Thursday, April 27th. The technology company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.08. The business had revenue of $379.80 million for the quarter, compared to the consensus estimate of $368.80 million. DST Systems had a net margin of 40.00% and a return on equity of 17.85%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.81 earnings per share.
A number of analysts recently issued reports on DST shares. Zacks Investment Research raised DST Systems from a “hold” rating to a “buy” rating and set a $67.50 target price for the company in a research note on Wednesday, March 29th. DA Davidson started coverage on DST Systems in a research note on Wednesday, June 21st. They set a “buy” rating and a $72.00 target price for the company. Finally, ValuEngine raised DST Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th.
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DST Systems (DST) opened at 61.99 on Friday. The company’s 50-day moving average is $60.67 and its 200-day moving average is $58.90. DST Systems has a 12 month low of $47.26 and a 12 month high of $122.11. The stock has a market capitalization of $3.83 billion, a P/E ratio of 6.59 and a beta of 1.32.
In related news, CFO Gregg Wm Givens sold 20,000 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $61.36, for a total transaction of $1,227,200.00. Following the completion of the sale, the chief financial officer now directly owns 55,871 shares of the company’s stock, valued at approximately $3,428,244.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jonathan J. Boehm sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $125.00, for a total value of $625,000.00. Following the sale, the vice president now directly owns 47,692 shares of the company’s stock, valued at $5,961,500. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 647 shares of company stock valued at $59,758 and have sold 65,000 shares valued at $5,531,700. 1.82% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in DST Systems by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,679,206 shares of the technology company’s stock worth $328,203,000 after buying an additional 52,494 shares during the last quarter. BlackRock Inc. boosted its position in shares of DST Systems by 11,086.3% in the first quarter. BlackRock Inc. now owns 2,640,409 shares of the technology company’s stock valued at $323,450,000 after buying an additional 2,616,805 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of DST Systems by 10.7% in the first quarter. Wells Fargo & Company MN now owns 1,738,446 shares of the technology company’s stock valued at $212,959,000 after buying an additional 167,986 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of DST Systems by 96.1% in the second quarter. Fisher Asset Management LLC now owns 1,347,820 shares of the technology company’s stock valued at $83,160,000 after buying an additional 660,441 shares in the last quarter. Finally, State Street Corp boosted its position in shares of DST Systems by 1.7% in the first quarter. State Street Corp now owns 911,916 shares of the technology company’s stock valued at $111,714,000 after buying an additional 15,209 shares in the last quarter. 43.21% of the stock is owned by institutional investors and hedge funds.
DST Systems Company Profile
DST Systems, Inc (DST) is a provider of technology-based information processing and servicing solutions. The Company offers its solutions through data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
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