Kansas City Southern (KSU) Scheduled to Post Earnings on Friday
Kansas City Southern (NYSE:KSU) will be posting its quarterly earnings results before the market opens on Friday, October 20th. Analysts expect Kansas City Southern to post earnings of $1.35 per share for the quarter.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, July 21st. The transportation company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.26 by $0.07. The business had revenue of $656.40 million during the quarter, compared to the consensus estimate of $627.81 million. Kansas City Southern had a net margin of 21.52% and a return on equity of 11.40%. Kansas City Southern’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.22 EPS. On average, analysts expect Kansas City Southern to post $5.19 EPS for the current fiscal year and $5.83 EPS for the next fiscal year.
Shares of Kansas City Southern (NYSE:KSU) opened at 105.46 on Friday. Kansas City Southern has a one year low of $79.05 and a one year high of $109.13. The stock’s 50 day moving average is $105.68 and its 200-day moving average is $99.24. The company has a market cap of $11.12 billion, a P/E ratio of 21.22 and a beta of 0.81.
Kansas City Southern declared that its board has approved a share repurchase plan on Tuesday, August 15th that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Monday, September 11th were given a $0.36 dividend. This is a positive change from Kansas City Southern’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, September 8th. Kansas City Southern’s dividend payout ratio (DPR) is 28.92%.
In related news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $102.93, for a total value of $617,580.00. Following the transaction, the insider now owns 42,087 shares in the company, valued at approximately $4,332,014.91. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Henry J. Maier purchased 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $106.19 per share, for a total transaction of $318,570.00. Following the purchase, the director now owns 4,159 shares in the company, valued at $441,644.21. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 14,469 shares of company stock worth $1,522,510. Company insiders own 0.95% of the company’s stock.
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Several equities research analysts have issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and set a $118.00 price target (up from $114.00) on shares of Kansas City Southern in a research note on Friday, August 18th. BidaskClub downgraded shares of Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Bank of America Corporation lifted their price target on shares of Kansas City Southern from $112.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 21st. Zacks Investment Research downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, Aegis lifted their price target on shares of Kansas City Southern from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $109.19.
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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