Kansas City Southern (KSU) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS
Kansas City Southern (NYSE:KSU) released its quarterly earnings data on Friday. The transportation company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.26 by $0.07, Bloomberg Earnings reports. The company had revenue of $656.40 million during the quarter, compared to the consensus estimate of $627.81 million. Kansas City Southern had a return on equity of 11.30% and a net margin of 21.71%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 EPS.
Shares of Kansas City Southern (NYSE KSU) traded down 0.37% during midday trading on Friday, reaching $103.69. The company’s stock had a trading volume of 771,286 shares. The company has a market capitalization of $11.00 billion, a P/E ratio of 21.52 and a beta of 0.80. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $105.92. The company’s 50-day moving average price is $101.97 and its 200 day moving average price is $91.14.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Monday, June 12th were issued a $0.33 dividend. The ex-dividend date was Thursday, June 8th. This represents a $1.32 dividend on an annualized basis and a yield of 1.27%. Kansas City Southern’s payout ratio is currently 27.39%.
In other Kansas City Southern news, Director Robert J. Druten sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $92.57, for a total value of $323,995.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.95% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in KSU. BlackRock Inc. raised its position in shares of Kansas City Southern by 4,542.5% in the first quarter. BlackRock Inc. now owns 10,407,991 shares of the transportation company’s stock valued at $892,591,000 after buying an additional 10,183,801 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Kansas City Southern by 588.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,313,685 shares of the transportation company’s stock valued at $369,943,000 after buying an additional 3,687,248 shares in the last quarter. Pioneer Investment Management Inc. raised its position in shares of Kansas City Southern by 103.8% in the first quarter. Pioneer Investment Management Inc. now owns 2,133,685 shares of the transportation company’s stock valued at $182,985,000 after buying an additional 1,086,853 shares in the last quarter. Sustainable Growth Advisers LP raised its position in shares of Kansas City Southern by 49.4% in the first quarter. Sustainable Growth Advisers LP now owns 2,088,516 shares of the transportation company’s stock valued at $179,111,000 after buying an additional 690,470 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new position in shares of Kansas City Southern during the first quarter valued at about $52,373,000. Institutional investors and hedge funds own 85.92% of the company’s stock.
KSU has been the subject of several recent analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $92.00 price objective on shares of Kansas City Southern in a report on Wednesday, May 24th. Stifel Nicolaus cut their price objective on Kansas City Southern from $101.00 to $96.00 and set a “buy” rating for the company in a report on Wednesday, April 26th. BidaskClub downgraded Kansas City Southern from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Credit Suisse Group raised Kansas City Southern from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $90.00 to $116.00 in a report on Friday, June 16th. Finally, Loop Capital reissued a “buy” rating on shares of Kansas City Southern in a report on Saturday, March 25th. Twelve analysts have rated the stock with a hold rating, nine have assigned 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.
About Kansas City Southern
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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