Kansas City Southern (NYSE:KSU) declared a quarterly dividend on Tuesday, August 13th, RTT News reports. Shareholders of record on Monday, September 9th will be given a dividend of 0.36 per share by the transportation company on Wednesday, October 2nd. This represents a $1.44 annualized dividend and a yield of 1.20%.
Kansas City Southern has raised its dividend by an average of 4.3% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Kansas City Southern has a payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kansas City Southern to earn $7.63 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 18.9%.
Shares of NYSE:KSU traded up $2.99 during midday trading on Tuesday, reaching $119.95. The company’s stock had a trading volume of 708,156 shares, compared to its average volume of 1,059,798. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.59 and a current ratio of 0.79. Kansas City Southern has a 1 year low of $90.55 and a 1 year high of $126.47. The company’s 50 day moving average is $121.50.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Friday, July 19th. The transportation company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.04. The business had revenue of $714.00 million during the quarter, compared to the consensus estimate of $704.55 million. Kansas City Southern had a return on equity of 12.45% and a net margin of 20.35%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. Analysts expect that Kansas City Southern will post 6.71 EPS for the current year.
A number of equities research analysts have recently commented on the company. Loop Capital lifted their price objective on Kansas City Southern to $144.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. BMO Capital Markets lifted their price objective on Kansas City Southern to $130.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Cowen set a $136.00 price objective on Kansas City Southern and gave the company a “buy” rating in a research report on Friday, July 19th. Raymond James lifted their price objective on Kansas City Southern from $140.00 to $141.00 and gave the company a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Zacks Investment Research downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $130.36.
In related news, General Counsel Adam J. Godderz sold 1,390 shares of Kansas City Southern stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $125.13, for a total value of $173,930.70. Following the transaction, the general counsel now owns 4,892 shares in the company, valued at $612,135.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lu M. Cordova sold 1,000 shares of Kansas City Southern stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $116.85, for a total value of $116,850.00. Following the completion of the transaction, the director now owns 1,032 shares in the company, valued at approximately $120,589.20. The disclosure for this sale can be found here. Insiders sold 5,890 shares of company stock worth $727,881 in the last quarter. 0.82% of the stock is owned by insiders.
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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