Kansas City Southern (KSU) Reaches New 1-Year High After Earnings Beat

Kansas City Southern (NYSE:KSU) shares reached a new 52-week high during trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $123.27 and last traded at $123.02, with a volume of 1359518 shares changing hands. The stock had previously closed at $117.99.

The transportation company reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.10. The firm had revenue of $674.80 million for the quarter, compared to analyst estimates of $669.08 million. Kansas City Southern had a net margin of 23.12% and a return on equity of 12.11%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.30 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 11th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.44 annualized dividend and a yield of 1.17%. Kansas City Southern’s dividend payout ratio is presently 24.12%.

Several research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Kansas City Southern from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Barclays dropped their price objective on shares of Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 4th. Bank of America reiterated a “buy” rating and issued a $127.00 price objective (up previously from $122.00) on shares of Kansas City Southern in a research note on Wednesday, March 20th. Loop Capital set a $132.00 price objective on shares of Kansas City Southern and gave the company a “buy” rating in a research note on Friday, February 22nd. Finally, Deutsche Bank reiterated a “buy” rating on shares of Kansas City Southern in a research note on Wednesday, February 20th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Kansas City Southern currently has an average rating of “Buy” and an average price target of $125.16.

Several institutional investors and hedge funds have recently made changes to their positions in KSU. Norges Bank acquired a new position in shares of Kansas City Southern during the 4th quarter worth $102,073,000. Packer & Co Ltd boosted its holdings in shares of Kansas City Southern by 313.8% during the 4th quarter. Packer & Co Ltd now owns 1,239,800 shares of the transportation company’s stock worth $31,144,000 after buying an additional 940,200 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Kansas City Southern by 9.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,418,608 shares of the transportation company’s stock worth $994,456,000 after buying an additional 882,425 shares during the period. Pennsylvania Trust Co bought a new stake in shares of Kansas City Southern during the 1st quarter worth $14,426,000. Finally, FMR LLC boosted its holdings in shares of Kansas City Southern by 275.4% during the 3rd quarter. FMR LLC now owns 399,447 shares of the transportation company’s stock worth $45,250,000 after buying an additional 293,045 shares during the period. Institutional investors own 89.11% of the company’s stock.

The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $11.83 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89.

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Kansas City Southern Company Profile (NYSE:KSU)

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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