Wall Street analysts expect DST Systems, Inc. (NYSE:DST) to post $534.70 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for DST Systems’ earnings. The highest sales estimate is $539.30 million and the lowest is $530.10 million. DST Systems posted sales of $379.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 40.8%. The business is expected to report its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that DST Systems will report full year sales of $534.70 million for the current financial year, with estimates ranging from $2.16 billion to $2.17 billion. For the next year, analysts anticipate that the company will post sales of $2.23 billion per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for DST Systems.
DST Systems (NYSE:DST) last released its quarterly earnings data on Monday, January 29th. The technology company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.27. DST Systems had a return on equity of 16.90% and a net margin of 20.35%. The firm had revenue of $552.70 million during the quarter, compared to analyst estimates of $538.38 million. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was up 47.9% compared to the same quarter last year.
Several brokerages have commented on DST. Evercore ISI reissued an “in-line” rating on shares of DST Systems in a research report on Friday, January 12th. Robert W. Baird downgraded DST Systems from an “outperform” rating to a “neutral” rating and set a $72.00 price objective for the company. in a report on Wednesday, January 17th. DA Davidson cut DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Friday, January 12th. Finally, Zacks Investment Research raised DST Systems from a “sell” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.50.
In other news, VP Jonathan J. Boehm sold 20,000 shares of DST Systems stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $64.50, for a total transaction of $1,290,000.00. Following the transaction, the vice president now directly owns 75,518 shares of the company’s stock, valued at approximately $4,870,911. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have bought 877 shares of company stock worth $59,820. Insiders own 1.82% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Regentatlantic Capital LLC lifted its position in shares of DST Systems by 13.3% during the 4th quarter. Regentatlantic Capital LLC now owns 5,210 shares of the technology company’s stock valued at $323,000 after buying an additional 612 shares in the last quarter. Boston Advisors LLC lifted its position in shares of DST Systems by 0.4% during the 4th quarter. Boston Advisors LLC now owns 183,817 shares of the technology company’s stock valued at $11,410,000 after buying an additional 803 shares in the last quarter. American International Group Inc. lifted its position in shares of DST Systems by 0.7% during the 4th quarter. American International Group Inc. now owns 124,638 shares of the technology company’s stock valued at $7,736,000 after buying an additional 850 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of DST Systems by 35.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,463 shares of the technology company’s stock valued at $215,000 after buying an additional 909 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of DST Systems by 3.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 30,764 shares of the technology company’s stock valued at $1,688,000 after buying an additional 914 shares in the last quarter. 85.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DST Systems (NYSE DST) opened at $83.15 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $5,010.00, a price-to-earnings ratio of 11.69, a P/E/G ratio of 2.11 and a beta of 1.60. DST Systems has a 52 week low of $50.22 and a 52 week high of $84.48.
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DST Systems Company Profile
DST Systems, Inc (DST) is a provider of technology-based information processing and servicing solutions. The Company offers its solutions through data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
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