Brokerages Anticipate DST Systems, Inc. (DST) Will Post Earnings of $0.73 Per Share
Brokerages expect DST Systems, Inc. (NYSE:DST) to post earnings of $0.73 per share for the current quarter, Zacks reports. Two analysts have provided estimates for DST Systems’ earnings. The highest EPS estimate is $0.76 and the lowest is $0.68. DST Systems reported earnings per share of $0.76 in the same quarter last year, which indicates a negative year over year growth rate of 3.9%. The firm is scheduled to issue its next quarterly earnings results on Thursday, October 19th.
On average, analysts expect that DST Systems will report full year earnings of $3.04 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.11. For the next fiscal year, analysts forecast that the business will post earnings of $3.57 per share, with EPS estimates ranging from $3.50 to $3.70. 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 earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $656.20 million during the quarter, compared to analyst estimates of $541.90 million. DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The firm’s revenue for the quarter was up 68.0% compared to the same quarter last year. During the same period last year, the company earned $1.42 earnings per share.
A number of analysts have recently issued reports on DST shares. Zacks Investment Research lowered DST Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. ValuEngine upgraded DST Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. DA Davidson assumed coverage on DST Systems in a research note on Wednesday, June 21st. They issued a “buy” rating and a $72.00 price target for the company. Finally, BidaskClub downgraded DST Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.
In related news, VP Jonathan J. Boehm sold 5,000 shares of DST Systems stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $125.00, for a total value of $625,000.00. Following the completion of the transaction, the vice president now directly owns 47,692 shares in the company, valued at $5,961,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregg Wm Givens sold 20,000 shares of DST Systems stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $61.36, for a total value of $1,227,200.00. Following the completion of the transaction, the chief financial officer now owns 55,871 shares of the company’s stock, valued at $3,428,244.56. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 847 shares of company stock valued at $59,770 and sold 55,000 shares valued at $4,279,400. 1.82% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of DST. Oregon Public Employees Retirement Fund increased its position in shares of DST Systems by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,605 shares of the technology company’s stock worth $1,422,000 after buying an additional 200 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of DST Systems by 6.7% in the first quarter. Janney Montgomery Scott LLC now owns 4,978 shares of the technology company’s stock worth $610,000 after buying an additional 311 shares during the last quarter. First Quadrant L P CA bought a new position in shares of DST Systems during the first quarter worth approximately $2,507,000. Sit Investment Associates Inc. increased its position in shares of DST Systems by 6.6% in the first quarter. Sit Investment Associates Inc. now owns 28,925 shares of the technology company’s stock worth $3,543,000 after buying an additional 1,800 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of DST Systems by 33.7% in the first quarter. Acadian Asset Management LLC now owns 231,449 shares of the technology company’s stock worth $28,354,000 after buying an additional 58,367 shares during the last quarter. Institutional investors own 47.00% of the company’s stock.
Shares of DST Systems (DST) opened at 53.22 on Friday. DST Systems has a 12 month low of $47.26 and a 12 month high of $122.11. The company has a 50 day moving average price of $60.36 and a 200-day moving average price of $59.85. The firm has a market capitalization of $3.28 billion, a PE ratio of 5.36 and a beta of 1.29.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. DST Systems’s dividend payout ratio (DPR) is 7.11%.
DST Systems declared that its board has approved a share buyback program on Tuesday, May 9th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
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DST Systems Company Profile
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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