Kansas City Southern (KSU) Expected to Post Earnings of $1.35 Per Share
Equities analysts expect Kansas City Southern (NYSE:KSU) to announce $1.35 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Kansas City Southern’s earnings, with the lowest EPS estimate coming in at $1.32 and the highest estimate coming in at $1.39. Kansas City Southern posted earnings per share of $1.12 in the same quarter last year, which would suggest a positive year over year growth rate of 20.5%. The business is scheduled to announce its next earnings results on Friday, October 20th.
On average, analysts expect that Kansas City Southern will report full-year earnings of $5.18 per share for the current financial year, with EPS estimates ranging from $5.14 to $5.23. For the next year, analysts anticipate that the company will report earnings of $5.78 per share, with EPS estimates ranging from $5.50 to $5.95. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Kansas City Southern.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.03. The company had revenue of $653.00 million during the quarter, compared to analysts’ expectations of $651.95 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 earnings per share.
KSU has been the topic of a number of recent research reports. BidaskClub raised Kansas City Southern from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Bank of America Corporation raised their target price on Kansas City Southern from $112.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 21st. Zacks Investment Research cut Kansas City Southern from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. UBS AG reaffirmed a “positive” rating and issued a $117.00 target price (up from $103.00) on shares of Kansas City Southern in a report on Monday, July 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $108.00 target price on shares of Kansas City Southern in a report on Friday, June 30th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Kansas City Southern currently has an average rating of “Buy” and a consensus price target of $109.19.
Shares of Kansas City Southern (KSU) traded up 1.36% during trading on Thursday, hitting $105.19. The stock had a trading volume of 1,734,623 shares. The firm has a market capitalization of $11.09 billion, a P/E ratio of 21.17 and a beta of 0.81. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $109.13. The stock’s 50-day moving average price is $105.62 and its 200 day moving average price is $99.98.
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 dividend of $0.36 per share. This is a positive change from Kansas City Southern’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, September 8th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.37%. Kansas City Southern’s dividend payout ratio (DPR) is presently 28.29%.
Kansas City Southern declared that its Board of Directors has authorized a share buyback plan on Tuesday, August 15th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Henry J. Maier acquired 3,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 4,159 shares in the company, valued at approximately $441,644.21. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the firm’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 of the company’s stock, valued at approximately $4,332,014.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,469 shares of company stock valued at $1,522,510. Company insiders own 0.95% of the company’s stock.
Several institutional investors have recently modified their holdings of KSU. Envestnet Asset Management Inc. grew its position in Kansas City Southern by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock worth $194,000 after acquiring an additional 52 shares in the last quarter. Victory Capital Management Inc. grew its position in Kansas City Southern by 35.8% in the first quarter. Victory Capital Management Inc. now owns 14,603 shares of the transportation company’s stock worth $1,252,000 after acquiring an additional 3,848 shares in the last quarter. Principal Financial Group Inc. grew its position in Kansas City Southern by 0.6% in the first quarter. Principal Financial Group Inc. now owns 161,583 shares of the transportation company’s stock worth $13,858,000 after acquiring an additional 1,012 shares in the last quarter. Ngam Advisors L.P. purchased a new position in Kansas City Southern in the first quarter worth about $2,111,000. Finally, Thrivent Financial For Lutherans grew its position in Kansas City Southern by 0.3% in the first quarter. Thrivent Financial For Lutherans now owns 53,440 shares of the transportation company’s stock worth $4,583,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.
Kansas City Southern Company Profile
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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