Canadian Pacific, Kansas City Southern file application with railroad regulator

  • Canadian Pacific (NYSE:CP) and Kansas City Southern (NYSE:KSU) announced the companies filed a railroad control application with the Surface Transportation Board.
  • The application with the railroad regulator for the railroad deal comes after the STB late last month confirmed that it has approved the use of voting trust for the CP-KCS combination.
  • Canadian Pacific (CP) won a bidding war with rival Canadian National Railway (NYSE:CNI) for KSY after the STB denied Canadian National's bid to use a voting trust for a deal.
  • Canadian Pacific's (CP) ultimate acquisition of control of KCS' U.S. railways is subject to the approval of the STB. The STB review of CP's proposed control of KCS is expected to be completed in the second half of 2022, the companies said in a statement late yesterday.

    Over the current book year the company from Kansas City's total revenue could be around 2.96 billion USD (consensus estimates). This is quite more than 2021's revenue of 2.63 billion USD.

    Historical revenues and results Kansas City Southern plus estimates 2021

    aandeel

    The analysts expect for 2021 a net profit of 746 million USD. According to most of the analysts the company will have a profit per share for this book year of 8.16 USD. So the price/earnings-ratio equals 37.92.

    For this year the analysts expect a dividend of 2.13 USD per share. Kansas City Southern 's dividend yield thus equals 0.69 percent. The average dividend yield of the transport companies equals an attractive 1.6 percent.

    Kansas City Southern 's market capitalization is based on the number of outstanding shares around 29.74 billion USD. 66

    On Monday the stock closed at 309.4 USD.

    Historical stock prices Kansas City Southern past 10 years

    stock graphs kansascitysouthern

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