Trading Report: The Kansas City Southern to Post Q3 2016 Earnings of $1.23 Per Share, Credit Agricole SA Forecasts (KSU)

The Kansas City Southern to Post Q3 2016 Earnings of $1.23 Per Share, Credit Agricole SA Forecasts (KSU)

Kansas City Southern (NYSE:KSU) – Research analysts at Credit Agricole SA lowered their Q3 2016 earnings estimates for Kansas City Southern in a report released on Monday. Credit Agricole SA analyst D. Lipschitz now forecasts that the brokerage will post earnings per share of $1.23 for the quarter, down from their previous estimate of $1.26. Credit Agricole SA also issued estimates for Kansas City Southern’s FY2016 earnings at $4.48 EPS.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.14. The business had revenue of $569 million for the quarter, compared to analyst estimates of $572.20 million. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Wednesday, August 3rd. TheStreet raised Kansas City Southern from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. Citigroup Inc. lifted their price target on Kansas City Southern from $108.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Bank of America Corp. reaffirmed a “buy” rating on shares of Kansas City Southern in a research note on Tuesday, July 12th. Finally, Loop Capital reaffirmed a “buy” rating and set a $115.00 price target on shares of Kansas City Southern in a research note on Monday, August 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $100.92.

Kansas City Southern (NYSE:KSU) opened at 94.55 on Thursday. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 20.58 and a beta of 1.14. Kansas City Southern has a one year low of $62.20 and a one year high of $100.69. The firm has a 50-day moving average price of $93.47 and a 200 day moving average price of $92.75.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Monday, September 12th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.32 annualized dividend and a yield of 1.40%. Kansas City Southern’s payout ratio is 28.82%.

In other Kansas City Southern news, CEO Patrick J. Ottensmeyer sold 5,000 shares of Kansas City Southern stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $95.62, for a total transaction of $478,100.00. Following the sale, the chief executive officer now directly owns 90,228 shares of the company’s stock, valued at approximately $8,627,601.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP William J. Wochner sold 26,521 shares of Kansas City Southern stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $98.32, for a total value of $2,607,544.72. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Seven Bridges Advisors LLC boosted its stake in Kansas City Southern by 30.0% in the second quarter. Seven Bridges Advisors LLC now owns 1,200 shares of the company’s stock valued at $108,000 after buying an additional 277 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in Kansas City Southern by 57.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,425 shares of the company’s stock valued at $128,000 after buying an additional 522 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Kansas City Southern by 1,065.2% in the second quarter. Meeder Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $138,000 after buying an additional 1,406 shares during the last quarter. Washington Trust Bank boosted its stake in Kansas City Southern by 3.2% in the third quarter. Washington Trust Bank now owns 1,651 shares of the company’s stock valued at $154,000 after buying an additional 51 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Kansas City Southern by 8.6% in the second quarter. Pacer Advisors Inc. now owns 2,160 shares of the company’s stock valued at $195,000 after buying an additional 171 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Kansas City Southern Company Profile

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