DST Systems, Inc. (DST) Expected to Post Earnings of $0.85 Per Share
Wall Street brokerages predict that DST Systems, Inc. (NYSE:DST) will announce earnings per share (EPS) of $0.85 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for DST Systems’ earnings, with estimates ranging from $0.82 to $0.87. DST Systems reported earnings per share of $0.83 during the same quarter last year, which would suggest a positive year over year growth rate of 2.4%. The firm is scheduled to report its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that DST Systems will report full year earnings of $3.08 per share for the current financial year, with EPS estimates ranging from $3.06 to $3.11. For the next financial year, analysts forecast that the business will report earnings of $3.60 per share, with EPS estimates ranging from $3.56 to $3.66. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow DST Systems.
DST Systems (NYSE:DST) last announced its quarterly earnings results on Friday, October 20th. The technology company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. DST Systems had a return on equity of 16.20% and a net margin of 21.26%. The business had revenue of $562.60 million for the quarter, compared to analyst estimates of $523.57 million. During the same quarter in the prior year, the company posted $0.77 EPS. The company’s quarterly revenue was up 45.5% on a year-over-year basis.
DST has been the topic of several recent analyst reports. Zacks Investment Research lowered DST Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Robert W. Baird reaffirmed a “buy” rating and issued a $68.00 price target on shares of DST Systems in a research note on Thursday, October 12th. BidaskClub lowered DST Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Morgan Stanley increased their target price on DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $68.00.
Institutional investors and hedge funds have recently bought and sold shares of the stock. First Bank & Trust lifted its stake in DST Systems by 99.8% during the 2nd quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock worth $106,000 after acquiring an additional 858 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in DST Systems by 119.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,266 shares in the last quarter. Bank of Montreal Can lifted its stake in DST Systems by 102.6% during the 2nd quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock worth $180,000 after acquiring an additional 1,482 shares in the last quarter. WFG Advisors LP lifted its stake in DST Systems by 128.6% during the 2nd quarter. WFG Advisors LP now owns 3,205 shares of the technology company’s stock worth $198,000 after acquiring an additional 1,803 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in DST Systems by 100.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,416 shares of the technology company’s stock worth $211,000 after acquiring an additional 1,708 shares in the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DST Systems (DST) traded up $0.25 during trading on Friday, hitting $59.99. The stock had a trading volume of 711,126 shares, compared to its average volume of 352,556. DST Systems has a twelve month low of $50.22 and a twelve month high of $62.94. The firm has a market cap of $3,597.55, a price-to-earnings ratio of 19.43, a PEG ratio of 1.94 and a beta of 1.35. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.20%. The ex-dividend date is Tuesday, November 21st. DST Systems’s payout ratio is 10.63%.
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About DST Systems
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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