Canadian Pacific Kansas City Limited (NYSE:CP) Expected to Earn FY2024 Earnings of $3.17 Per Share

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Investment analysts at Desjardins lifted their FY2024 earnings estimates for shares of Canadian Pacific Kansas City in a research note issued to investors on Tuesday, October 8th. Desjardins analyst B. Poirier now anticipates that the transportation company will earn $3.17 per share for the year, up from their prior forecast of $3.10. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. Desjardins also issued estimates for Canadian Pacific Kansas City’s FY2025 earnings at $3.77 EPS, FY2026 earnings at $4.42 EPS, FY2027 earnings at $5.13 EPS and FY2028 earnings at $5.79 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the company posted $0.62 EPS. The business’s quarterly revenue was up 13.5% on a year-over-year basis.

A number of other research analysts also recently issued reports on the company. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Citigroup initiated coverage on shares of Canadian Pacific Kansas City in a report on Wednesday. They issued a “buy” rating and a $97.00 price objective on the stock. Stifel Nicolaus decreased their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Friday. Sanford C. Bernstein cut their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, Susquehanna lifted their target price on Canadian Pacific Kansas City from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.90.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $82.06 on Friday. The company has a fifty day moving average price of $82.47 and a 200 day moving average price of $81.91. The firm has a market cap of $76.59 billion, a PE ratio of 29.62, a PEG ratio of 2.21 and a beta of 0.96. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a 1-year low of $68.92 and a 1-year high of $91.58.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 19.86%.

Institutional Trading of Canadian Pacific Kansas City

Institutional investors and hedge funds have recently made changes to their positions in the company. Grove Bank & Trust grew its position in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 130 shares during the last quarter. LRI Investments LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter valued at approximately $32,000. Chris Bulman Inc acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $35,000. ORG Partners LLC bought a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $39,000. Finally, Tobam acquired a new position in shares of Canadian Pacific Kansas City during the first quarter worth $51,000. Institutional investors own 72.20% of the company’s stock.

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.