Atb Cap Markets Analysts Lower Earnings Estimates for TSE:CP

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Investment analysts at Atb Cap Markets lowered their FY2024 earnings estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Wednesday, October 23rd. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of $4.23 for the year, down from their previous estimate of $4.29. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.27 EPS, Q3 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.51 EPS, FY2025 earnings at $5.03 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.39 EPS, Q3 2026 earnings at $1.47 EPS and FY2026 earnings at $5.90 EPS.

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

Other research analysts have also recently issued research reports about the company. Sanford C. Bernstein cut their price objective on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research report on Wednesday, October 9th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. JPMorgan Chase & Co. raised their price objective on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Citigroup set a C$97.00 price objective on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, ATB Capital increased their target price on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company an “outperform” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of C$121.43.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at C$107.18 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. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37. The company has a market cap of C$100.01 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The stock has a 50 day simple moving average of C$112.40 and a 200-day simple moving average of C$111.45.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total transaction of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of Canadian Pacific Kansas City stock in a transaction that occurred 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. Insiders own 0.03% of the company’s stock.

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.