Brokerages Anticipate Kansas City Southern (NYSE:KSU) Will Post Quarterly Sales of $730.65 Million

Wall Street brokerages forecast that Kansas City Southern (NYSE:KSU) will report $730.65 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Kansas City Southern’s earnings, with the lowest sales estimate coming in at $720.41 million and the highest estimate coming in at $737.00 million. Kansas City Southern reported sales of $699.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.5%. The business is expected to issue its next earnings report on Friday, October 18th.

According to Zacks, analysts expect that Kansas City Southern will report full year sales of $2.85 billion for the current fiscal year, with estimates ranging from $2.83 billion to $2.87 billion. For the next year, analysts forecast that the firm will post sales of $3.01 billion, with estimates ranging from $2.98 billion to $3.08 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Kansas City Southern.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Friday, July 19th. The transportation company reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.04. The firm had revenue of $714.00 million for the quarter, compared to analysts’ expectations of $704.55 million. Kansas City Southern had a net margin of 20.35% and a return on equity of 12.45%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 EPS.



Several research firms have weighed in on KSU. Loop Capital increased their price objective on Kansas City Southern to $144.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Raymond James boosted their target price on shares of Kansas City Southern from $140.00 to $141.00 and gave the company a “strong-buy” rating in a research report on Monday, July 22nd. Cascend Securities cut shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Credit Suisse Group upped their price target on shares of Kansas City Southern from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Kansas City Southern from $130.00 to $136.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Kansas City Southern has an average rating of “Buy” and an average price target of $130.36.

In other Kansas City Southern news, Director Lu M. Cordova sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the transaction, the director now directly owns 1,032 shares of the company’s stock, valued at approximately $128,484. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Druten sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $125.04, for a total transaction of $312,600.00. The disclosure for this sale can be found here. Insiders sold a total of 11,730 shares of company stock valued at $1,482,378 over the last ninety days. Insiders own 0.82% of the company’s stock.

Several large investors have recently modified their holdings of the company. River & Mercantile Asset Management LLP bought a new position in Kansas City Southern in the second quarter valued at approximately $1,050,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Kansas City Southern by 4.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,511 shares of the transportation company’s stock valued at $3,595,000 after purchasing an additional 1,129 shares in the last quarter. Hancock Whitney Corp raised its position in Kansas City Southern by 2.0% during the second quarter. Hancock Whitney Corp now owns 5,265 shares of the transportation company’s stock valued at $641,000 after purchasing an additional 105 shares in the last quarter. Rehmann Capital Advisory Group raised its position in Kansas City Southern by 81.3% during the second quarter. Rehmann Capital Advisory Group now owns 223 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Finally, Boston Partners lifted its stake in Kansas City Southern by 98.9% during the second quarter. Boston Partners now owns 5,008,266 shares of the transportation company’s stock worth $610,100,000 after purchasing an additional 2,490,256 shares during the last quarter. Institutional investors own 87.12% of the company’s stock.

NYSE KSU traded down $0.43 on Friday, reaching $132.66. The stock had a trading volume of 1,298,441 shares, compared to its average volume of 1,034,464. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.79 and a quick ratio of 0.59. The firm has a fifty day moving average of $122.73 and a two-hundred day moving average of $119.44. Kansas City Southern has a 1-year low of $90.55 and a 1-year high of $133.55. The company has a market cap of $13.17 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Monday, September 9th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a yield of 1.09%. Kansas City Southern’s dividend payout ratio (DPR) is presently 24.12%.

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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