Kansas City Southern (KSU) Issues Quarterly Earnings Results

Kansas City Southern (NYSE:KSU) posted its quarterly earnings data on Friday. The transportation company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.02, Bloomberg Earnings reports. The firm had revenue of $660.40 million during the quarter, compared to analysts’ expectations of $658.33 million. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 EPS.

Shares of Kansas City Southern (NYSE:KSU) traded down $1.50 during trading hours on Friday, hitting $110.00. 2,260,000 shares of the stock traded hands, compared to its average volume of 1,400,000. Kansas City Southern has a 12 month low of $81.54 and a 12 month high of $114.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.69. The firm has a market cap of $11,390.00, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Thursday, December 28th. Kansas City Southern’s dividend payout ratio is 15.62%.

In other news, COO Jeffrey M. Songer sold 3,000 shares of Kansas City Southern stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $111.80, for a total transaction of $335,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary K. Stadler sold 1,973 shares of Kansas City Southern stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total transaction of $205,014.43. Following the sale, the senior vice president now owns 6,102 shares of the company’s stock, valued at approximately $634,058.82. The disclosure for this sale can be found here. 0.95% of the stock is owned by insiders.

Several large investors have recently modified their holdings of KSU. American Century Companies Inc. acquired a new stake in shares of Kansas City Southern during the 2nd quarter worth approximately $266,000. Schroder Investment Management Group grew its holdings in Kansas City Southern by 2.4% during the second quarter. Schroder Investment Management Group now owns 29,264 shares of the transportation company’s stock valued at $2,999,000 after purchasing an additional 699 shares during the period. Amalgamated Bank grew its holdings in Kansas City Southern by 57.7% during the second quarter. Amalgamated Bank now owns 11,914 shares of the transportation company’s stock valued at $1,247,000 after purchasing an additional 4,357 shares during the period. PNC Financial Services Group Inc. grew its holdings in Kansas City Southern by 14.0% during the second quarter. PNC Financial Services Group Inc. now owns 24,414 shares of the transportation company’s stock valued at $2,554,000 after purchasing an additional 3,007 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in Kansas City Southern by 11.5% during the second quarter. UBS Asset Management Americas Inc. now owns 309,239 shares of the transportation company’s stock valued at $32,362,000 after purchasing an additional 31,980 shares during the period. Institutional investors own 83.57% of the company’s stock.

Several equities research analysts have weighed in on KSU shares. Cowen raised their price objective on shares of Kansas City Southern from $111.00 to $113.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Credit Suisse Group raised their price objective on shares of Kansas City Southern from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Tuesday, December 12th. BMO Capital Markets restated a “hold” rating and issued a $109.00 price objective on shares of Kansas City Southern in a research report on Monday, October 23rd. Finally, Barclays raised their price objective on shares of Kansas City Southern from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $113.81.

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Kansas City Southern Company Profile

Kansas City Southern (KCS) is a holding company. The Company has 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’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.

Earnings History for Kansas City Southern (NYSE:KSU)

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