Dahlman Rose Reports on Kansas City Southern

Dahlman Rose has published a report on Kansas City Southern

after 2Q11 reports. In the reports, Dahlman Rose wrote, "Kansas City Southern reported 2Q11 adjusted earnings per share of $0.71, a penny higher than both our and the consensus $0.70 estimate. The modest beat came off of revenues of $535MM (a 16% improvement from 2Q10) which was ahead of our $520MM and the Street's $525MM estimates. Operating income for the quarter was $152MM (up 19% from 2Q10), also edging out our estimate of $148MM and the consensus of $146MM. Net income of $71MM lead to a diluted earnings per share figure of $0.64, before adjusting for debt retirement costs of $10.3MM." Dahlman Rose rated Kansas City Southern a HOLD and did not give a price target. Kansas City Southern closed Thursday at $61.37.