Kansas City Southern (NYSE:KSU) is reporting third quarter financial results on Friday 16th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, KSU is expected to report 3Q20 income of $ 1.90 per share from revenue of $ 662.69 million.
For the full year, analysts anticipate top line of $ 2639.81 million, while looking forward to income of $ 6.92 per share bottom line.
Previous Quarter Performance
Kansas City Southern reported income for the second quarter of $ 1.15 per share, from the revenue of $ 547.90 million. The quarterly earnings 29.88 percent while revenues fell 22.42 percent compared with the same quarter last year. The top line results fell short of analysts by $ 16.32 million or 2.89 percent.
Stock Performance
Shares of Kansas City Southern traded low $ -0.39 or -0.21 percent on Thursday, reaching $ 184.01 with volume of 706.30 thousand shares. Kansas City Southern has traded high as $ 184.68 and has cracked $ 182.13 on the downward trend
According to the previous trading day, closing price of $ 184.01, representing a 98.58 % increase from the 52 week low of $ 92.86 and a 7.8 % decrease over the 52 week high of $ 200.00.
The company has a market capital of $ 17.36 billion and is part of the Industrials sector and Railroads industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 138.00 target price.
- On 10th September 2020, maintained by Bank of America at Buy rating, with $ 205.00 target price.
- On 10th September 2020, maintained by Raymond James at Strong Buy rating, with $ 210.00 target price.
Recent Stock Dividend Announcement
On August 11, 2020, the board of directors authorized quarterly dividend of $ 0.40 per share to holders of record as of the close of business on September 14, 2020, with payment date of October 7, 2020 and ex-dividend date on September 11, 2020.
Conference Call
Kansas City Southern will be hosting a conference call at 8:45 AM eastern time on 16th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.kcsouthern.com
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. It operates a commercial corridor of the Mexican railroad system and has its direct rail passageway between Mexico City and Laredo, Texas.
