Canadian Pacific Kansas City (CP) Scheduled to Post Earnings on Wednesday

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) will post its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Canadian Pacific Kansas City to post earnings of $0.75 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.31. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. Canadian Pacific Kansas City’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. On average, analysts expect Canadian Pacific Kansas City to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $81.37 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The stock has a market capitalization of $75.92 billion, a P/E ratio of 26.08, a P/E/G ratio of 2.21 and a beta of 0.96. The company’s fifty day moving average is $82.64 and its two-hundred day moving average is $81.77. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a $0.1373 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Analyst Ratings Changes

CP has been the topic of several recent research reports. Sanford C. Bernstein dropped their price objective 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 note on Wednesday, October 9th. Susquehanna upped their price target on shares of Canadian Pacific Kansas City from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus lowered 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. Finally, Citigroup assumed coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, October 9th. They set a “buy” rating and a $97.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $97.90.

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.