Kansas City Southern (KSU) Declares Quarterly Dividend of $0.33
Kansas City Southern (NYSE:KSU) announced a quarterly dividend on Friday, November 11th. Stockholders of record on Friday, December 30th will be paid a dividend of 0.33 per share on Wednesday, January 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.61%.
Shares of Kansas City Southern (NYSE:KSU) opened at 82.05 on Monday. The firm has a market cap of $8.83 billion, a P/E ratio of 18.18 and a beta of 0.89. Kansas City Southern has a 12 month low of $62.20 and a 12 month high of $100.69. The stock’s 50 day moving average price is $90.57 and its 200-day moving average price is $92.59.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Tuesday, October 18th. The company reported $1.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by $0.10. The firm had revenue of $605 million for the quarter, compared to analyst estimates of $411.30 million. Kansas City Southern had a return on equity of 11.57% and a net margin of 20.90%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS. Equities research analysts anticipate that Kansas City Southern will post $4.58 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of KSU. Pacer Advisors Inc. boosted its stake in Kansas City Southern by 8.6% in the second quarter. Pacer Advisors Inc. now owns 2,160 shares of the company’s stock valued at $195,000 after buying an additional 171 shares in the last quarter. Veritable L.P. acquired a new stake in shares of Kansas City Southern during the second quarter valued at about $224,000. Profund Advisors LLC acquired a new stake in shares of Kansas City Southern during the second quarter valued at about $289,000. Thrivent Financial for Lutherans raised its stake in shares of Kansas City Southern by 4.1% in the second quarter. Thrivent Financial for Lutherans now owns 3,300 shares of the company’s stock valued at $297,000 after buying an additional 130 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Kansas City Southern during the second quarter valued at about $459,000. 90.18% of the stock is currently owned by institutional investors and hedge funds.
KSU has been the subject of several recent analyst reports. Loop Capital reaffirmed a “buy” rating and set a $115.00 price objective on shares of Kansas City Southern in a report on Monday, August 15th. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Wednesday, August 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $98.00 price objective on shares of Kansas City Southern in a report on Tuesday, October 4th. TheStreet raised shares of Kansas City Southern from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Finally, Citigroup Inc. raised their price objective on shares of Kansas City Southern from $108.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $99.82.
Kansas City Southern Company Profile
Kansas City Southern (KCS) is a transportation holding company with 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 controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-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 several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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