$707.12 Million in Sales Expected for Kansas City Southern (KSU) This Quarter

Analysts expect Kansas City Southern (NYSE:KSU) to report sales of $707.12 million for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Kansas City Southern’s earnings. The highest sales estimate is $714.15 million and the lowest is $697.30 million. Kansas City Southern posted sales of $656.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The business is expected to issue its next quarterly earnings report before the market opens on Friday, October 19th.

According to Zacks, analysts expect that Kansas City Southern will report full-year sales of $2.74 billion for the current fiscal year, with estimates ranging from $2.72 billion to $2.76 billion. For the next year, analysts anticipate that the firm will post sales of $2.94 billion, with estimates ranging from $2.89 billion to $3.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Kansas City Southern.

Kansas City Southern (NYSE:KSU) last released its earnings results on Friday, October 19th. The transportation company reported $1.57 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.57. Kansas City Southern had a net margin of 36.91% and a return on equity of 12.01%. The firm had revenue of $699.00 million for the quarter, compared to analyst estimates of $708.19 million. During the same period in the prior year, the firm earned $1.35 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. Raymond James upped their target price on shares of Kansas City Southern from $128.00 to $133.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 31st. Cowen upgraded shares of Kansas City Southern from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $124.00 to $138.00 in a research note on Wednesday, August 29th. Loop Capital upped their target price on shares of Kansas City Southern to $132.00 and gave the stock a “buy” rating in a research note on Monday, July 23rd. Zacks Investment Research upgraded shares of Kansas City Southern from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, Credit Suisse Group upped their target price on shares of Kansas City Southern from $125.00 to $126.00 and gave the stock a “$111.08” rating in a research note on Monday, July 23rd. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $123.33.

KSU stock opened at $106.12 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.20. Kansas City Southern has a fifty-two week low of $99.47 and a fifty-two week high of $120.34. The company has a market cap of $10.63 billion, a P/E ratio of 20.21, a PEG ratio of 1.32 and a beta of 0.82.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Monday, September 10th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, September 7th. Kansas City Southern’s dividend payout ratio (DPR) is 27.43%.

In related news, VP Suzanne M. Grafton sold 729 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $119.78, for a total value of $87,319.62. Following the completion of the transaction, the vice president now directly owns 10,580 shares of the company’s stock, valued at $1,267,272.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael W. Upchurch sold 5,442 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $116.77, for a total value of $635,462.34. Following the completion of the transaction, the chief financial officer now directly owns 17,906 shares of the company’s stock, valued at $2,090,883.62. The disclosure for this sale can be found here. Insiders sold 7,171 shares of company stock valued at $841,712 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in KSU. Massachusetts Financial Services Co. MA boosted its holdings in Kansas City Southern by 5.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,864,888 shares of the transportation company’s stock valued at $1,045,284,000 after purchasing an additional 545,885 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Kansas City Southern by 326.0% in the third quarter. Cornerstone Wealth Management LLC now owns 564,442 shares of the transportation company’s stock valued at $5,419,000 after purchasing an additional 431,931 shares in the last quarter. Strs Ohio boosted its holdings in shares of Kansas City Southern by 2,565.6% in the second quarter. Strs Ohio now owns 379,876 shares of the transportation company’s stock valued at $40,251,000 after acquiring an additional 365,625 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Kansas City Southern by 67.7% in the second quarter. Renaissance Technologies LLC now owns 811,600 shares of the transportation company’s stock valued at $85,997,000 after acquiring an additional 327,700 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Kansas City Southern by 32.3% in the second quarter. Bank of America Corp DE now owns 1,186,541 shares of the transportation company’s stock valued at $125,724,000 after acquiring an additional 289,457 shares during the period. 87.76% of the stock is owned by hedge funds and other institutional investors.

Kansas City Southern Company Profile

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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Earnings History and Estimates for Kansas City Southern (NYSE:KSU)

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