Atb Cap Markets Has Pessimistic View of CP FY2024 Earnings

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Atb Cap Markets cut their FY2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a report issued on Wednesday, October 23rd. Atb Cap Markets analyst C. Murray now expects that the transportation company will post earnings of $3.05 per share for the year, down from their previous estimate of $3.17. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q2 2025 earnings at $0.86 EPS, Q3 2025 earnings at $0.89 EPS and FY2025 earnings at $3.62 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis.

Several other equities analysts also recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Citigroup boosted their target price on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Stephens cut their price target on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Evercore ISI lifted their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $94.15.

Canadian Pacific Kansas City Trading Up 0.1 %

Shares of CP opened at $77.98 on Monday. Canadian Pacific Kansas City has a 52-week low of $69.08 and a 52-week high of $91.58. The stock has a market cap of $72.76 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The firm’s fifty day moving average is $82.80 and its two-hundred day moving average is $81.18. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several large investors have recently made changes to their positions in the stock. Grove Bank & Trust lifted its stake in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at $32,000. Chris Bulman Inc purchased a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $35,000. Asset Dedication LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter worth about $38,000. Finally, ORG Partners LLC purchased a new position in Canadian Pacific Kansas City during the 2nd quarter valued at about $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Pacific Kansas City

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.