Kansas City Southern (KSU) to Release Earnings on Friday
Kansas City Southern (NYSE:KSU) will post its quarterly earnings results before the market opens on Friday, October 20th. Analysts expect Kansas City Southern to post earnings of $1.35 per share for the quarter.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.07. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The firm had revenue of $656.40 million for the quarter, compared to analysts’ expectations of $627.81 million. During the same period in the prior year, the firm posted $1.22 earnings per share. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. On average, analysts expect Kansas City Southern to post $5.17 EPS for the current fiscal year and $5.82 EPS for the next fiscal year.
Kansas City Southern (KSU) opened at 101.47 on Wednesday. The firm has a market capitalization of $10.70 billion, a PE ratio of 20.42 and a beta of 0.81. The company has a 50-day moving average price of $105.71 and a 200-day moving average price of $99.58. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $109.13.
Kansas City Southern announced that its Board of Directors has initiated a share buyback program on Tuesday, August 15th that permits the company to buyback $800.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Monday, September 11th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $1.44 dividend on an annualized basis and a yield of 1.42%. This is a positive change from Kansas City Southern’s previous quarterly dividend of $0.33. Kansas City Southern’s dividend payout ratio (DPR) is 28.92%.
A number of brokerages recently issued reports on KSU. J P Morgan Chase & Co raised their target price on shares of Kansas City Southern from $116.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Bank of America Corporation upgraded shares of Kansas City Southern from a “neutral” rating to a “buy” rating and raised their target price for the stock from $113.00 to $116.00 in a research report on Tuesday, October 10th. Zacks Investment Research lowered shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Citigroup Inc. restated a “buy” rating and set a $123.00 target price (up previously from $116.00) on shares of Kansas City Southern in a research report on Wednesday, October 4th. Finally, Morgan Stanley restated an “equal weight” rating and set a $88.00 target price (down previously from $93.00) on shares of Kansas City Southern in a research report on Monday, October 2nd. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $109.19.
In other news, Director Henry J. Maier purchased 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $106.19 per share, with a total value of $318,570.00. Following the purchase, the director now directly owns 4,159 shares of the company’s stock, valued at approximately $441,644.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mary K. Stadler sold 4,451 shares of Kansas City Southern stock in a transaction on Friday, August 18th. The stock was sold at an average price of $105.87, for a total transaction of $471,227.37. Following the sale, the senior vice president now directly owns 8,814 shares in the company, valued at approximately $933,138.18. The disclosure for this sale can be found here. Insiders have sold a total of 14,469 shares of company stock worth $1,522,510 in the last ninety days. 0.95% of the stock is currently owned by insiders.
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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