Wall Street brokerages forecast that Kansas City Southern (NYSE:KSU) will report $712.06 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Kansas City Southern’s earnings. The highest sales estimate is $722.38 million and the lowest is $697.30 million. Kansas City Southern reported sales of $656.60 million in the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The business is scheduled to report its next quarterly earnings report on Friday, October 19th.
On average, analysts expect that Kansas City Southern will report full-year sales of $2.75 billion for the current year, with estimates ranging from $2.72 billion to $2.78 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.94 billion per share, with estimates ranging from $2.89 billion to $2.98 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Kansas City Southern.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Friday, July 20th. The transportation company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. Kansas City Southern had a return on equity of 12.01% and a net margin of 36.91%. The company had revenue of $682.40 million for the quarter, compared to the consensus estimate of $686.12 million. During the same quarter last year, the company earned $1.33 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year.
A number of brokerages recently weighed in on KSU. Cowen raised Kansas City Southern from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $124.00 to $138.00 in a research report on Wednesday, August 29th. Zacks Investment Research raised Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Loop Capital raised their price objective on Kansas City Southern to $132.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. Raymond James raised their price objective on Kansas City Southern from $128.00 to $133.00 and gave the company a “strong-buy” rating in a research report on Friday, August 31st. Finally, Credit Suisse Group raised their price objective on Kansas City Southern from $125.00 to $126.00 and gave the company a “$111.08” rating in a research report on Monday, July 23rd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $122.43.
In other Kansas City Southern news, Director Lu M. Cordova sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $118.93, for a total value of $118,930.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael W. Upchurch sold 5,442 shares of the firm’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $116.77, for a total value of $635,462.34. Following the completion of the sale, the chief financial officer now directly owns 17,906 shares of the company’s stock, valued at approximately $2,090,883.62. The disclosure for this sale can be found here. In the last three months, insiders sold 7,171 shares of company stock valued at $841,712. Corporate insiders own 0.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of KSU. Assetmark Inc. acquired a new stake in shares of Kansas City Southern during the second quarter worth about $101,000. FNY Investment Advisers LLC acquired a new stake in shares of Kansas City Southern during the second quarter worth about $105,000. Point72 Hong Kong Ltd lifted its holdings in shares of Kansas City Southern by 63.5% during the second quarter. Point72 Hong Kong Ltd now owns 1,439 shares of the transportation company’s stock worth $152,000 after purchasing an additional 559 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Kansas City Southern by 9,893.5% during the first quarter. Summit Trail Advisors LLC now owns 162,495 shares of the transportation company’s stock worth $162,000 after purchasing an additional 160,869 shares during the period. Finally, Gideon Capital Advisors Inc. acquired a new stake in shares of Kansas City Southern during the second quarter worth about $204,000. 87.63% of the stock is owned by institutional investors and hedge funds.
Shares of KSU stock opened at $117.24 on Friday. Kansas City Southern has a 1-year low of $99.47 and a 1-year high of $120.34. The stock has a market cap of $12.10 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.50 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.20.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Monday, September 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, September 7th. Kansas City Southern’s dividend payout ratio is presently 27.43%.
About Kansas City Southern
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It serves a ten-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri, and ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.
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