$722.69 Million in Sales Expected for Kansas City Southern (KSU) This Quarter

Wall Street brokerages predict that Kansas City Southern (NYSE:KSU) will post $722.69 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Kansas City Southern’s earnings, with estimates ranging from $716.42 million to $729.64 million. Kansas City Southern reported sales of $682.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.9%. The company is expected to report its next earnings report on Friday, July 19th.

On average, analysts expect that Kansas City Southern will report full-year sales of $2.87 billion for the current financial year, with estimates ranging from $2.86 billion to $2.89 billion. For the next financial year, analysts anticipate that the business will post sales of $3.04 billion, with estimates ranging from $2.99 billion to $3.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Kansas City Southern.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Wednesday, April 17th. The transportation company reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.10. The firm had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $669.08 million. Kansas City Southern had a return on equity of 12.40% and a net margin of 21.30%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 EPS.

KSU has been the subject of several analyst reports. Stifel Nicolaus lifted their price objective on Kansas City Southern from $120.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, January 22nd. Deutsche Bank set a $121.00 price target on Kansas City Southern and gave the stock a “buy” rating in a report on Tuesday, January 22nd. Loop Capital set a $132.00 price target on Kansas City Southern and gave the stock a “buy” rating in a report on Friday, February 22nd. Bank of America reissued a “buy” rating and set a $127.00 price target (up previously from $122.00) on shares of Kansas City Southern in a report on Wednesday, March 20th. Finally, Barclays lowered their price target on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, April 4th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern currently has an average rating of “Buy” and a consensus price target of $127.50.

NYSE KSU traded down $1.51 during midday trading on Friday, hitting $121.41. The company had a trading volume of 11,469 shares, compared to its average volume of 1,121,468. The stock has a market capitalization of $12.36 billion, a PE ratio of 20.25, a P/E/G ratio of 1.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 1.02. 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 will be paid on Wednesday, July 3rd. Investors of record on Monday, June 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.44 dividend on an annualized basis and a yield of 1.19%. Kansas City Southern’s dividend payout ratio is currently 24.12%.

In related news, EVP Brian D. Hancock sold 4,648 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $124.77, for a total transaction of $579,930.96. Following the sale, the executive vice president now owns 30,276 shares in the company, valued at approximately $3,777,536.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Suzanne M. Grafton sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $123.07, for a total value of $123,070.00. Following the sale, the vice president now owns 10,218 shares in the company, valued at approximately $1,257,529.26. The disclosure for this sale can be found here. Insiders have sold a total of 31,285 shares of company stock worth $3,870,266 in the last 90 days. 0.82% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ grew its position in shares of Kansas City Southern by 0.5% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 18,810 shares of the transportation company’s stock valued at $2,182,000 after buying an additional 85 shares during the last quarter. DNB Asset Management AS lifted its stake in shares of Kansas City Southern by 0.6% in the 1st quarter. DNB Asset Management AS now owns 14,542 shares of the transportation company’s stock valued at $1,687,000 after purchasing an additional 92 shares during the period. Comerica Bank lifted its stake in shares of Kansas City Southern by 0.5% in the 1st quarter. Comerica Bank now owns 19,770 shares of the transportation company’s stock valued at $2,316,000 after purchasing an additional 96 shares during the period. Investment Counselors of Maryland LLC lifted its stake in shares of Kansas City Southern by 0.5% in the 4th quarter. Investment Counselors of Maryland LLC now owns 21,206 shares of the transportation company’s stock valued at $2,024,000 after purchasing an additional 111 shares during the period. Finally, CSat Investment Advisory L.P. lifted its stake in shares of Kansas City Southern by 82.2% in the 4th quarter. CSat Investment Advisory L.P. now owns 266 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 91.36% of the company’s stock.

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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