Q3 2024 Earnings Forecast for Canadian Pacific Kansas City Limited Issued By National Bank Financial (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Analysts at National Bank Financial cut their Q3 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research note issued on Wednesday, September 11th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $1.03 for the quarter, down from their previous forecast of $1.05. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $5.27 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $4.29 EPS and FY2025 earnings at $5.09 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.01 by C$0.04. The firm had revenue of C$3.60 billion during the quarter, compared to analyst estimates of C$3.55 billion. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%.

Other research analysts also recently issued reports about the company. ATB Capital boosted their target price on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. TD Securities upped their price target on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Sanford C. Bernstein boosted their price objective on Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Finally, Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of C$123.87.

Canadian Pacific Kansas City Trading Down 0.4 %

Shares of TSE:CP opened at C$117.35 on Friday. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37. The business’s fifty day simple moving average is C$111.49 and its 200-day simple moving average is C$112.70. The company has a market capitalization of C$109.50 billion, a PE ratio of 31.46, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of C$108.03, for a total value of C$6,473,511.98. In related news, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$108.03, for a total transaction of C$6,473,511.98. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. Insiders sold a total of 90,305 shares of company stock valued at $9,690,094 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, October 28th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, September 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.65%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.38%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.