Kansas City Southern (NYSE:KSU) issued its earnings results on Friday. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06, Briefing.com reports. The company had revenue of $659.60 million for the quarter, compared to analyst estimates of $662.68 million. Kansas City Southern had a net margin of 20.63% and a return on equity of 13.80%. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 EPS.
Shares of NYSE:KSU traded down $4.88 on Friday, hitting $179.13. The company had a trading volume of 31,304 shares, compared to its average volume of 1,216,722. The stock has a market cap of $17.36 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 1.74 and a beta of 0.94. The stock has a 50 day moving average price of $184.24 and a 200 day moving average price of $158.44. Kansas City Southern has a 1-year low of $92.86 and a 1-year high of $200.00. The company has a current ratio of 2.44, a quick ratio of 2.16 and a debt-to-equity ratio of 0.79.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Monday, September 14th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, September 11th. Kansas City Southern’s dividend payout ratio is currently 23.19%.
In other Kansas City Southern news, CAO Suzanne M. Grafton sold 917 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $184.37, for a total value of $169,067.29. Following the completion of the sale, the chief accounting officer now owns 9,919 shares of the company’s stock, valued at approximately $1,828,766.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian D. Hancock sold 3,500 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $156.75, for a total transaction of $548,625.00. Following the transaction, the executive vice president now owns 24,936 shares in the company, valued at approximately $3,908,718. The disclosure for this sale can be found here. Insiders have sold 10,409 shares of company stock valued at $1,688,672 over the last 90 days. Company insiders own 0.82% of the company’s stock.
A number of research firms recently commented on KSU. Barclays increased their target price on Kansas City Southern from $150.00 to $175.00 in a research note on Monday, September 14th. Raymond James increased their target price on Kansas City Southern from $183.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 10th. Stifel Nicolaus lowered Kansas City Southern from a “buy” rating to a “hold” rating and set a $162.00 target price on the stock. in a research note on Wednesday, August 5th. Credit Suisse Group reissued a “buy” rating on shares of Kansas City Southern in a research note on Friday, August 7th. Finally, Wells Fargo & Company increased their price target on Kansas City Southern from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $165.48.
Kansas City Southern Company Profile
Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company 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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