Q4 Earnings Forecast for CP Issued By Atb Cap Markets

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Investment analysts at Atb Cap Markets cut their Q4 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research note issued on Monday, October 14th. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will earn $0.95 per share for the quarter, down from their prior forecast of $0.97. 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 Q1 2025 earnings at $0.80 EPS, Q1 2026 earnings at $0.95 EPS, Q2 2026 earnings at $1.02 EPS, Q3 2026 earnings at $1.11 EPS and FY2026 earnings at $4.40 EPS.

CP has been the topic of several other research reports. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Barclays upped their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Susquehanna lifted their price objective on Canadian Pacific Kansas City from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Finally, Sanford C. Bernstein cut their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.90.

Canadian Pacific Kansas City Stock Down 1.0 %

Canadian Pacific Kansas City stock opened at $81.19 on Wednesday. The firm has a 50 day moving average price of $82.79 and a 200-day moving average price of $81.77. 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 has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a market capitalization of $75.75 billion, a P/E ratio of 26.02, a P/E/G ratio of 2.21 and a beta of 0.96.

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

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced 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. This represents a $0.55 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently made changes to their positions in the business. Grove Bank & Trust increased its stake in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the period. LRI Investments LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $32,000. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at $35,000. Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $38,000. Finally, ORG Partners LLC bought a new stake in Canadian Pacific Kansas City in the 2nd quarter worth $39,000. Hedge funds and other 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.