Equities analysts forecast that DST Systems, Inc. (NYSE:DST) will post sales of $526.85 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for DST Systems’ earnings, with the highest sales estimate coming in at $530.80 million and the lowest estimate coming in at $522.90 million. DST Systems reported sales of $373.70 million during the same quarter last year, which indicates a positive year over year growth rate of 41%. The company is scheduled to report its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that DST Systems will report full-year sales of $526.85 million for the current year, with estimates ranging from $1.97 billion to $2.06 billion. For the next year, analysts forecast that the company will post sales of $2.18 billion per share, with estimates ranging from $2.17 billion to $2.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover DST Systems.
DST Systems (NYSE:DST) last released its earnings results on Friday, October 20th. The technology company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. The company had revenue of $562.60 million during the quarter, compared to analysts’ expectations of $523.57 million. DST Systems had a return on equity of 16.20% and a net margin of 21.26%. The business’s revenue was up 45.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS.
Several equities analysts recently issued reports on the company. BidaskClub cut DST Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research cut DST Systems from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Morgan Stanley raised their price objective on DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Finally, Robert W. Baird raised their price objective on DST Systems from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Sunday, October 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $68.00.
Institutional investors and hedge funds have recently modified their holdings of the company. Wedge Capital Management L L P NC grew its holdings in DST Systems by 5,404.0% during the third quarter. Wedge Capital Management L L P NC now owns 414,563 shares of the technology company’s stock worth $22,751,000 after acquiring an additional 407,031 shares during the period. Principal Financial Group Inc. boosted its position in shares of DST Systems by 103.5% in the 2nd quarter. Principal Financial Group Inc. now owns 266,543 shares of the technology company’s stock valued at $16,446,000 after purchasing an additional 135,587 shares during the period. KBC Group NV boosted its position in shares of DST Systems by 11.4% in the 2nd quarter. KBC Group NV now owns 35,961 shares of the technology company’s stock valued at $2,219,000 after purchasing an additional 3,671 shares during the period. Private Trust Co. NA acquired a new position in shares of DST Systems in the 2nd quarter valued at $460,000. Finally, Virginia Retirement Systems ET AL boosted its position in shares of DST Systems by 145.9% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 45,000 shares of the technology company’s stock valued at $2,777,000 after purchasing an additional 26,700 shares during the period. 84.94% of the stock is currently owned by institutional investors.
DST Systems (DST) opened at $59.97 on Wednesday. The company has a market capitalization of $3,570.46, a P/E ratio of 19.28, a PEG ratio of 1.92 and a beta of 1.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 1.09. DST Systems has a one year low of $47.94 and a one year high of $62.94.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, November 21st. DST Systems’s payout ratio is 10.63%.
About DST Systems
DST Systems, Inc (DST) is a provider of technology-based information processing and servicing solutions. The Company offers its solutions through data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
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