Kansas City Southern (NYSE:KSU) issued its quarterly earnings data on Tuesday. The company reported $1.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by $0.10. The business had revenue of $605 million for the quarter, compared to analyst estimates of $411.30 million. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%.
Kansas City Southern (NYSE:KSU) opened at 94.71 on Tuesday. The stock has a 50 day moving average of $93.33 and a 200-day moving average of $92.92. The firm has a market capitalization of $10.23 billion, a P/E ratio of 20.61 and a beta of 1.14. Kansas City Southern has a 1-year low of $62.20 and a 1-year high of $100.69.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Monday, September 12th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, September 8th. Kansas City Southern’s dividend payout ratio (DPR) is presently 28.82%.
In other news, insider David L. Starling sold 5,100 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $98.88, for a total value of $504,288.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William J. Wochner sold 26,521 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $98.32, for a total transaction of $2,607,544.72. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its position in Kansas City Southern by 8.6% in the second quarter. Pacer Advisors Inc. now owns 2,160 shares of the company’s stock worth $195,000 after buying an additional 171 shares in the last quarter. Veritable L.P. acquired a new position in shares of Kansas City Southern during the second quarter valued at about $224,000. Profund Advisors LLC acquired a new position in shares of Kansas City Southern during the second quarter valued at about $289,000. Thrivent Financial for Lutherans boosted its position in shares of Kansas City Southern by 4.1% in the second quarter. Thrivent Financial for Lutherans now owns 3,300 shares of the company’s stock valued at $297,000 after buying an additional 130 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Kansas City Southern during the second quarter valued at about $459,000. Institutional investors own 91.30% of the company’s stock.
A number of research firms have weighed in on KSU. Vertical Research began coverage on Kansas City Southern in a research report on Tuesday, October 11th. They issued a “hold” rating for the company. Zacks Investment Research downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Loop Capital restated a “buy” rating and issued a $113.00 target price (down from $115.00) on shares of Kansas City Southern in a research report on Wednesday, October 5th. BMO Capital Markets restated a “market perform” rating and issued a $98.00 target price on shares of Kansas City Southern in a research report on Tuesday, October 4th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $101.00 target price on shares of Kansas City Southern in a research report on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $100.92.
Kansas City Southern Company Profile
Kansas City Southern (KCS) is a transportation holding company with 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 controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-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 several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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