Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) – Research analysts at Raymond James boosted their FY2024 earnings estimates for Canadian Pacific Kansas City in a note issued to investors on Wednesday, October 16th. Raymond James analyst S. Hansen now forecasts that the transportation company will post earnings of $3.15 per share for the year, up from their prior estimate of $3.10. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period last year, the business posted $0.62 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year.
View Our Latest Analysis on Canadian Pacific Kansas City
Canadian Pacific Kansas City Stock Performance
Shares of Canadian Pacific Kansas City stock opened at $78.77 on Monday. The company has a 50 day moving average price of $82.86 and a 200 day moving average price of $81.58. The firm has a market capitalization of $73.50 billion, a P/E ratio of 25.25, a PEG ratio of 2.21 and a beta of 0.96. 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 52 week low of $68.92 and a 52 week high of $91.58.
Institutional Investors Weigh In On Canadian Pacific Kansas City
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Canadian Pacific Kansas City by 1.7% in the first quarter. Vanguard Group Inc. now owns 34,926,548 shares of the transportation company’s stock worth $3,079,474,000 after buying an additional 588,701 shares in the last quarter. TD Asset Management Inc raised its holdings in Canadian Pacific Kansas City by 2.5% in the 1st quarter. TD Asset Management Inc now owns 21,703,229 shares of the transportation company’s stock valued at $1,915,196,000 after acquiring an additional 532,303 shares during the last quarter. Bank of Montreal Can lifted its stake in Canadian Pacific Kansas City by 2.8% in the 2nd quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company’s stock worth $1,580,556,000 after purchasing an additional 533,792 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Canadian Pacific Kansas City by 5.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after purchasing an additional 723,188 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Canadian Pacific Kansas City by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company’s stock valued at $909,721,000 after purchasing an additional 216,062 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Canadian Pacific Kansas City Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be given a $0.1373 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.55 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.31%.
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.
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