Analysts Expect Kansas City Southern (KSU) Will Announce Quarterly Sales of $620.58 Million
Wall Street analysts forecast that Kansas City Southern (NYSE:KSU) will report $620.58 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Kansas City Southern’s earnings. The highest sales estimate is $640.97 million and the lowest is $603.30 million. Kansas City Southern posted sales of $568.50 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.2%. The firm is expected to issue its next earnings results before the market opens on Friday, July 21st.
According to Zacks, analysts expect that Kansas City Southern will report full year sales of $620.58 million for the current year, with estimates ranging from $2.50 billion to $2.56 billion. For the next financial year, analysts forecast that the business will report sales of $2.67 billion per share, with estimates ranging from $2.58 billion to $2.72 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Kansas City Southern.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, April 21st. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.01. The firm had revenue of $609.50 million during the quarter, compared to analysts’ expectations of $600.66 million. Kansas City Southern had a net margin of 21.71% and a return on equity of 11.30%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share.
KSU has been the topic of several recent research reports. Loop Capital reiterated a “buy” rating on shares of Kansas City Southern in a research report on Saturday, March 25th. BidaskClub upgraded shares of Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $88.00 price objective on shares of Kansas City Southern in a research report on Monday, March 20th. Credit Suisse Group upgraded shares of Kansas City Southern from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $116.00 in a research report on Friday, June 16th. Finally, Cowen and Company lifted their price objective on shares of Kansas City Southern from $94.00 to $95.00 and gave the company a “market perform” rating in a research report on Monday, April 24th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $101.18.
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In other news, Director Robert J. Druten sold 3,500 shares of Kansas City Southern stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total value of $323,995.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.95% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Winslow Evans & Crocker Inc. acquired a new position in shares of Kansas City Southern during the second quarter valued at about $209,000. CENTRAL TRUST Co boosted its position in shares of Kansas City Southern by 14.3% in the second quarter. CENTRAL TRUST Co now owns 37,605 shares of the transportation company’s stock valued at $3,935,000 after buying an additional 4,705 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Kansas City Southern by 504.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 17,338 shares of the transportation company’s stock valued at $1,814,000 after buying an additional 14,469 shares in the last quarter. Somerset Trust Co boosted its position in shares of Kansas City Southern by 3.5% in the second quarter. Somerset Trust Co now owns 2,774 shares of the transportation company’s stock valued at $290,000 after buying an additional 93 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Kansas City Southern by 8.1% in the second quarter. Fisher Asset Management LLC now owns 754,495 shares of the transportation company’s stock valued at $78,958,000 after buying an additional 56,317 shares in the last quarter. 85.91% of the stock is currently owned by institutional investors.
Kansas City Southern (NYSE:KSU) opened at 104.84 on Friday. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $105.57. The company’s 50-day moving average is $97.00 and its 200 day moving average is $89.22. The stock has a market capitalization of $11.12 billion, a PE ratio of 21.76 and a beta of 0.80.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Monday, June 12th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, June 8th. This represents a $1.32 annualized dividend and a dividend yield of 1.26%. Kansas City Southern’s dividend payout ratio is currently 27.39%.
Kansas City Southern Company Profile
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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