Desjardins Weighs in on Canadian Pacific Kansas City Limited’s FY2024 Earnings (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Investment analysts at Desjardins lowered their FY2024 earnings estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Tuesday, October 8th. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $4.29 for the year, down from their previous estimate of $4.31. 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. Desjardins also issued estimates for Canadian Pacific Kansas City’s FY2025 earnings at $5.09 EPS, FY2026 earnings at $5.97 EPS, FY2027 earnings at $6.93 EPS and FY2028 earnings at $7.82 EPS.

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

A number of other equities research analysts have also issued reports on CP. ATB Capital increased their target price on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Barclays raised their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. National Bankshares set a C$119.00 price objective on shares of Canadian Pacific Kansas City and gave the stock a “sector perform” rating in a report on Thursday, June 27th. TD Securities lifted their target price on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Sanford C. Bernstein reduced their price target on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$121.13.

Canadian Pacific Kansas City Trading Up 1.2 %

Shares of CP stock opened at C$112.94 on Friday. 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$105.39 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 2.32 and a beta of 0.79. The firm has a 50-day moving average price of C$112.10 and a 200 day moving average price of C$111.94. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37.

Canadian Pacific Kansas City Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.38%.

Insider Buying and Selling

In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total value 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. Company insiders own 0.03% 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.