Kansas City Southern (KSU) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $1.22 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.19. Analysts had a consensus of $1.03. The company posted revenue of $568.50 million in the period, compared to analysts expectations of $571.60 million. The company’s revenue was down -2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.
Many Wall Street Analysts have commented on Kansas City Southern. Kansas City Southern was Initiated by Credit Agricole to “Underperform” on May 19, 2016.
Kansas City Southern opened for trading at $94.04 and hit $95.73 on the upside on Monday, eventually ending the session at $95.62, with a gain of 1.31% or 1.24 points. The heightened volatility saw the trading volume jump to 17,24,604 shares. Company has a market cap of $10,326 M.
In a different news, on Jun 10, 2016, Robert J Druten (director) sold 3,240 shares at $89.94 per share price. According to the SEC, on Feb 19, 2016, Warren K Erdman (Executive Vice President) sold 3,000 shares at $82.00 per share price. On Dec 10, 2015, Patrick J Ottensmeyer (President) purchased 2,500 shares at $76.22 per share price, according to the Form-4 filing with the securities and exchange commission.
Kansas City Southern (KCS) is a transportation holding company with 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 rail network includes The Kansas City Southern Railway Company (KCSR) which 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 several key ports along the Gulf of Mexico in Alabama Louisiana Mississippi and Texas; Kansas City Southern de Mexico S.A. de C.V. (KCSM) which serves Mexico’s principal industrial cities and three of its major seaports and Mexrail Inc. (Mexrail) which owns The Texas Mexican Railway Company (Tex-Mex) which connects the operations of KCSR with KCSM.