Kansas City Southern (KSU) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Kansas City Southern (NYSE:KSU) announced its earnings results on Friday. The transportation company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.02, Bloomberg Earnings reports. The company had revenue of $660.40 million during the quarter, compared to the consensus estimate of $658.33 million. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share.
Kansas City Southern (KSU) traded down $1.50 during midday trading on Friday, reaching $110.00. 2,260,195 shares of the company were exchanged, compared to its average volume of 1,270,656. Kansas City Southern has a 1-year low of $81.54 and a 1-year high of $114.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.69 and a quick ratio of 0.53. The stock has a market capitalization of $11,389.73, a P/E ratio of 11.94, a PEG ratio of 1.40 and a beta of 0.87.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Friday, December 29th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.31%. Kansas City Southern’s dividend payout ratio (DPR) is presently 15.64%.
A number of large investors have recently modified their holdings of the business. QS Investors LLC boosted its position in Kansas City Southern by 0.5% during the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after purchasing an additional 7 shares during the period. Moors & Cabot Inc. boosted its position in Kansas City Southern by 1.2% during the second quarter. Moors & Cabot Inc. now owns 4,277 shares of the transportation company’s stock worth $447,000 after purchasing an additional 51 shares during the period. Sentry Investment Management LLC boosted its position in Kansas City Southern by 0.9% during the second quarter. Sentry Investment Management LLC now owns 7,524 shares of the transportation company’s stock worth $787,000 after purchasing an additional 68 shares during the period. Nordea Investment Management AB boosted its position in Kansas City Southern by 1.7% during the second quarter. Nordea Investment Management AB now owns 4,363 shares of the transportation company’s stock worth $457,000 after purchasing an additional 75 shares during the period. Finally, Veritable L.P. boosted its position in Kansas City Southern by 3.0% during the second quarter. Veritable L.P. now owns 2,854 shares of the transportation company’s stock worth $299,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 83.57% of the company’s stock.
Several analysts have recently commented on KSU shares. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a report on Monday, October 2nd. Morgan Stanley restated an “equal weight” rating and set a $88.00 price objective (down previously from $93.00) on shares of Kansas City Southern in a report on Monday, October 2nd. Citigroup restated a “buy” rating and set a $123.00 price objective (up previously from $116.00) on shares of Kansas City Southern in a report on Wednesday, October 4th. Bank of America upgraded shares of Kansas City Southern from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $113.00 to $116.00 in a report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kansas City Southern from $116.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $113.81.
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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