Zacks: Brokerages Expect DST Systems (DST) Will Post Quarterly Sales of $534.70 Million

Wall Street brokerages expect DST Systems (NYSE:DST) to announce sales of $534.70 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for DST Systems’ earnings, with the highest sales estimate coming in at $539.30 million and the lowest estimate coming in at $530.10 million. DST Systems reported sales of $379.80 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 40.8%. The firm is expected to report its next earnings report on Thursday, April 26th.

According to Zacks, analysts expect that DST Systems will report full-year sales of $2.17 billion for the current fiscal year, with estimates ranging from $2.16 billion to $2.17 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.23 billion per share. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow DST Systems.

DST Systems (NYSE:DST) last released its earnings results on Monday, January 29th. The technology company reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.27. DST Systems had a net margin of 20.35% and a return on equity of 16.90%. The firm had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $538.38 million. During the same period in the prior year, the company earned $0.83 EPS. The business’s quarterly revenue was up 47.9% compared to the same quarter last year.

DST has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of DST Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. DA Davidson downgraded DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Friday, January 12th. Robert W. Baird downgraded DST Systems from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Wednesday, January 17th. Finally, Evercore ISI reissued an “in-line” rating on shares of DST Systems in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.50.

Shares of NYSE DST traded up $0.32 during midday trading on Friday, reaching $83.99. The company’s stock had a trading volume of 1,110,283 shares, compared to its average volume of 1,188,081. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. DST Systems has a fifty-two week low of $50.22 and a fifty-two week high of $84.48. The company has a market capitalization of $4,962.76, a PE ratio of 25.00, a price-to-earnings-growth ratio of 2.03 and a beta of 1.51.

In other news, insider Vercie L. Lark sold 45,400 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $83.57, for a total value of $3,794,078.00. Following the completion of the transaction, the insider now owns 77,702 shares of the company’s stock, valued at $6,493,556.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vercie L. Lark sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $83.64, for a total value of $451,656.00. Following the completion of the transaction, the insider now directly owns 77,702 shares of the company’s stock, valued at approximately $6,498,995.28. The disclosure for this sale can be found here. Corporate insiders own 1.82% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in DST. Xact Kapitalforvaltning AB acquired a new position in shares of DST Systems during the fourth quarter worth approximately $305,000. BRYN MAWR TRUST Co increased its position in shares of DST Systems by 2.0% during the 4th quarter. BRYN MAWR TRUST Co now owns 101,818 shares of the technology company’s stock valued at $6,320,000 after purchasing an additional 2,007 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of DST Systems by 14.0% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 128,209 shares of the technology company’s stock valued at $7,958,000 after purchasing an additional 15,743 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of DST Systems by 1.0% during the 4th quarter. Sterling Capital Management LLC now owns 977,474 shares of the technology company’s stock worth $60,672,000 after acquiring an additional 10,067 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in shares of DST Systems during the 4th quarter worth $2,365,000. 85.68% of the stock is owned by institutional investors.

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About DST Systems

DST Systems, Inc provides technology-based information processing and servicing solutions in the United States, the United Kingdom, Canada, Australia, and internationally. It operates through Domestic Financial Services, International Financial Services, and Healthcare Services segments. The Domestic Financial Services segment provides investor, investment, advisor/intermediary, and asset distribution services to companies in the financial services industry to support direct and intermediary sales of mutual funds, alternative investments, securities brokerage accounts, and retirement plans.

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Earnings History and Estimates for DST Systems (NYSE:DST)

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