$648.16 Million in Sales Expected for Kansas City Southern (KSU) This Quarter
Wall Street analysts forecast that Kansas City Southern (NYSE:KSU) will report $648.16 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Kansas City Southern’s earnings, with the highest sales estimate coming in at $654.60 million and the lowest estimate coming in at $629.90 million. Kansas City Southern posted sales of $598.50 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The business is scheduled to announce its next quarterly earnings results on Friday, January 19th.
On average, analysts expect that Kansas City Southern will report full year sales of $648.16 million for the current fiscal year, with estimates ranging from $2.55 billion to $2.59 billion. For the next financial year, analysts expect that the business will post sales of $2.71 billion per share, with estimates ranging from $2.64 billion to $2.74 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Kansas City Southern.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.03. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. The business had revenue of $653.00 million during the quarter, compared to analyst estimates of $651.95 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. Kansas City Southern’s revenue for the quarter was up 8.0% on a year-over-year basis.
In related news, SVP Mary K. Stadler sold 1,973 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total value of $205,014.43. Following the sale, the senior vice president now directly owns 6,102 shares in the company, valued at $634,058.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.95% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of KSU. Bank of Montreal Can increased its stake in Kansas City Southern by 4.3% during the second quarter. Bank of Montreal Can now owns 32,865 shares of the transportation company’s stock worth $3,439,000 after acquiring an additional 1,356 shares during the last quarter. Aperio Group LLC increased its stake in Kansas City Southern by 13.2% during the second quarter. Aperio Group LLC now owns 37,802 shares of the transportation company’s stock worth $3,956,000 after acquiring an additional 4,414 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Kansas City Southern by 2.3% during the second quarter. Janney Montgomery Scott LLC now owns 9,581 shares of the transportation company’s stock worth $1,003,000 after acquiring an additional 211 shares during the last quarter. Klingenstein Fields & Co. LLC increased its stake in Kansas City Southern by 0.4% during the second quarter. Klingenstein Fields & Co. LLC now owns 284,748 shares of the transportation company’s stock worth $29,798,000 after acquiring an additional 1,275 shares during the last quarter. Finally, Pillar Pacific Capital Management LLC increased its stake in Kansas City Southern by 0.8% during the second quarter. Pillar Pacific Capital Management LLC now owns 42,400 shares of the transportation company’s stock worth $4,437,000 after acquiring an additional 340 shares during the last quarter. 83.62% of the stock is currently owned by institutional investors.
Shares of Kansas City Southern (KSU) opened at $106.15 on Tuesday. Kansas City Southern has a fifty-two week low of $79.05 and a fifty-two week high of $109.13. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $11,019.06, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.57 and a beta of 0.84.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 29th will be given a $0.36 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.36%. Kansas City Southern’s dividend payout ratio is currently 28.29%.
Kansas City Southern announced that its board has approved a share repurchase program on Tuesday, August 15th that permits the company to repurchase $800.00 million in outstanding shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
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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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