$534.70 Million in Sales Expected for DST Systems, Inc. (DST) This Quarter

Equities research analysts expect that DST Systems, Inc. (NYSE:DST) will announce $534.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. 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 in the same quarter last year, which would suggest a positive year-over-year growth rate of 40.8%. The business is expected to report its next quarterly earnings results on Thursday, April 26th.

On average, analysts expect that DST Systems will report full year sales of $534.70 million for the current financial year, with estimates ranging from $2.16 billion to $2.17 billion. For the next financial year, analysts forecast that the company will post sales of $2.23 billion per share. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover DST Systems.

DST Systems (NYSE:DST) last issued its quarterly earnings results on Monday, January 29th. The technology company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.27. The company had revenue of $552.70 million for the quarter, compared to the consensus estimate of $538.38 million. DST Systems had a net margin of 20.35% and a return on equity of 16.90%. The firm’s quarterly revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS.

DST has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of DST Systems from a “sell” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Tuesday, October 24th. DA Davidson downgraded shares of DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a report on Friday, January 12th. Evercore ISI reaffirmed an “in-line” rating on shares of DST Systems in a report on Friday, January 12th. Finally, Robert W. Baird downgraded shares of DST Systems from an “outperform” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $68.50.

In other DST Systems news, VP Jonathan J. Boehm sold 20,000 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $64.50, for a total transaction of $1,290,000.00. Following the sale, the vice president now directly owns 75,518 shares of the company’s stock, valued at $4,870,911. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have acquired 877 shares of company stock worth $59,820. Insiders own 1.82% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DST. State Street Corp lifted its holdings in DST Systems by 93.6% during the second quarter. State Street Corp now owns 1,765,321 shares of the technology company’s stock valued at $108,912,000 after purchasing an additional 853,405 shares during the last quarter. First Trust Advisors LP increased its position in shares of DST Systems by 144.3% during the fourth quarter. First Trust Advisors LP now owns 696,446 shares of the technology company’s stock valued at $43,228,000 after buying an additional 411,393 shares during the period. Wedge Capital Management L L P NC increased its position in shares of 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 valued at $22,751,000 after buying an additional 407,031 shares during the period. Dimensional Fund Advisors LP increased its position in shares of DST Systems by 103.8% during the second quarter. Dimensional Fund Advisors LP now owns 668,227 shares of the technology company’s stock valued at $41,227,000 after buying an additional 340,305 shares during the period. Finally, Paradice Investment Management LLC increased its position in shares of DST Systems by 54.3% during the third quarter. Paradice Investment Management LLC now owns 906,629 shares of the technology company’s stock valued at $49,756,000 after buying an additional 319,063 shares during the period. 85.71% of the stock is currently owned by institutional investors and hedge funds.

DST Systems (DST) opened at $83.15 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The firm has a market cap of $5,010.00, a PE ratio of 11.69, a P/E/G ratio of 2.11 and a beta of 1.60. DST Systems has a fifty-two week low of $50.22 and a fifty-two week high of $84.48.

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

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