Kansas City Southern (NYSE:KSU) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Kansas City Southern (NYSE:KSU) released its quarterly earnings results on Friday. The transportation company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04, RTT News reports. The firm had revenue of $714.00 million for the quarter, compared to analysts’ expectations of $704.55 million. Kansas City Southern had a return on equity of 12.47% and a net margin of 20.35%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 EPS.
Shares of Kansas City Southern stock opened at $123.43 on Monday. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.24 and a beta of 0.93. The firm’s 50-day moving average price is $119.30. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.52. Kansas City Southern has a twelve month low of $90.55 and a twelve month high of $125.92.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, June 10th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.17%. Kansas City Southern’s payout ratio is 24.12%.
Large investors have recently made changes to their positions in the stock. First Citizens Bank & Trust Co. bought a new position in shares of Kansas City Southern in the 1st quarter valued at about $449,000. Trexquant Investment LP bought a new position in shares of Kansas City Southern in the 1st quarter valued at about $1,236,000. Great West Life Assurance Co. Can lifted its stake in Kansas City Southern by 17.1% in the first quarter. Great West Life Assurance Co. Can now owns 94,821 shares of the transportation company’s stock worth $10,970,000 after purchasing an additional 13,868 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Kansas City Southern by 3.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 235,217 shares of the transportation company’s stock worth $27,328,000 after purchasing an additional 8,428 shares during the last quarter. Finally, Vestor Capital LLC bought a new stake in Kansas City Southern in the fourth quarter worth about $3,075,000. 85.96% of the stock is owned by hedge funds and other institutional investors.
KSU has been the topic of several research analyst reports. Barclays lowered their price target on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a report on Thursday, April 4th. Zacks Investment Research raised Garrett Motion from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Morgan Stanley set a $36.00 price target on ArcBest and gave the company a “hold” rating in a report on Monday, July 8th. Citigroup set a $20.00 price target on Compania de Minas Buenaventura SAA and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Raymond James reissued an “average” rating and set a $10.50 price target on shares of Hudbay Minerals in a report on Thursday, April 18th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $127.36.
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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