Canadian Pacific Kansas City Limited (TSE:CP) Forecasted to Post Q3 2024 Earnings of $1.03 Per Share

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Research analysts at Zacks Research boosted their Q3 2024 earnings estimates for Canadian Pacific Kansas City in a research report issued to clients and investors on Wednesday, October 9th. Zacks Research analyst R. Department now anticipates that the company will earn $1.03 per share for the quarter, up from their previous estimate of $1.01. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $5.14 per share. Zacks Research also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.22 EPS, Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.31 EPS, Q4 2025 earnings at $1.34 EPS, Q1 2026 earnings at $1.36 EPS, Q2 2026 earnings at $1.32 EPS, Q3 2026 earnings at $1.47 EPS and FY2026 earnings at $5.64 EPS.

Several other research firms have also recently issued reports on CP. Citigroup set a C$97.00 price target on Canadian Pacific Kansas City and gave the stock a “buy” rating in a research note on Wednesday. National Bankshares set a C$119.00 target price on shares of Canadian Pacific Kansas City and gave the company a “sector perform” rating in a research note on Thursday, June 27th. Barclays upped their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. TD Securities raised their price objective on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Sanford C. Bernstein cut their target price on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$121.13.

Canadian Pacific Kansas City Stock Up 1.2 %

CP opened at C$112.94 on Friday. The stock’s 50 day moving average price is C$112.10 and its 200 day moving average price is C$111.94. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42. The stock has a market cap of C$105.39 billion, a P/E ratio of 30.28, a P/E/G 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.

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

Insider Buying and Selling

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

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, October 28th were given a $0.19 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.38%.

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.