Q3 2024 EPS Estimates for Canadian Pacific Kansas City Limited (TSE:CP) Reduced by Analyst

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Desjardins dropped their Q3 2024 EPS estimates for Canadian Pacific Kansas City in a report released on Tuesday, October 8th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $1.01 per share for the quarter, down from their previous forecast of $1.04. Desjardins currently has a “Buy” rating and a $132.00 target price on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $5.14 per share.

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

A number of other brokerages have also recently issued reports on CP. Sanford C. Bernstein lowered their price objective on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday. National Bankshares set a C$119.00 price target on shares of Canadian Pacific Kansas City and gave the company a “sector perform” rating in a research note on Thursday, June 27th. Citigroup set a C$97.00 price objective on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research note on Wednesday. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. Finally, TD Securities raised 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. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$121.13.

Canadian Pacific Kansas City Stock Performance

The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. The company has a market capitalization of C$104.13 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37. The stock has a 50 day moving average of C$112.12 and a 200-day moving average of C$112.07.

Insiders Place Their Bets

In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total value of C$436,796.55. In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. 0.03% of the stock is owned by insiders.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, October 28th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 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.