Equities analysts expect Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) to announce earnings per share (EPS) of $3.57 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Canadian Pacific Railway’s earnings, with the lowest EPS estimate coming in at $3.51 and the highest estimate coming in at $3.65. Canadian Pacific Railway reported earnings of $3.15 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The firm is scheduled to issue its next earnings report on Thursday, October 17th.
According to Zacks, analysts expect that Canadian Pacific Railway will report full-year earnings of $12.68 per share for the current financial year, with EPS estimates ranging from $12.26 to $12.87. For the next year, analysts expect that the business will post earnings of $14.25 per share, with EPS estimates ranging from $13.77 to $14.71. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Canadian Pacific Railway.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.19 by $1.11. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.98 billion. Canadian Pacific Railway had a return on equity of 32.03% and a net margin of 30.40%. Canadian Pacific Railway’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.16 earnings per share.
Several analysts have weighed in on the company. Argus upped their target price on Canadian Pacific Railway to $265.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Cowen reissued a “buy” rating and issued a $258.00 target price on shares of Canadian Pacific Railway in a report on Tuesday, July 16th. ValuEngine lowered Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Raymond James lowered Canadian Pacific Railway from a “strong-buy” rating to an “outperform” rating in a report on Monday, July 15th. Finally, Loop Capital lowered Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $242.62.
Several large investors have recently modified their holdings of CP. WCM Investment Management LLC lifted its position in Canadian Pacific Railway by 2.2% during the second quarter. WCM Investment Management LLC now owns 5,065,624 shares of the transportation company’s stock worth $1,191,638,000 after buying an additional 110,059 shares during the period. FIL Ltd lifted its position in Canadian Pacific Railway by 13.6% during the first quarter. FIL Ltd now owns 4,056,828 shares of the transportation company’s stock worth $835,864,000 after buying an additional 485,524 shares during the period. Vanguard Group Inc. lifted its position in Canadian Pacific Railway by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,917,853 shares of the transportation company’s stock worth $921,636,000 after buying an additional 95,336 shares during the period. Egerton Capital UK LLP lifted its position in Canadian Pacific Railway by 14.1% during the second quarter. Egerton Capital UK LLP now owns 3,876,127 shares of the transportation company’s stock worth $911,820,000 after buying an additional 480,354 shares during the period. Finally, TD Asset Management Inc. lifted its position in Canadian Pacific Railway by 0.5% during the first quarter. TD Asset Management Inc. now owns 3,508,765 shares of the transportation company’s stock worth $723,153,000 after buying an additional 18,425 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.
Canadian Pacific Railway stock opened at $234.64 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.67 and a quick ratio of 0.55. The firm has a market capitalization of $32.46 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11. Canadian Pacific Railway has a fifty-two week low of $167.48 and a fifty-two week high of $247.52. The firm has a fifty day moving average price of $236.57.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be given a $0.634 dividend. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.62. This represents a $2.54 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, September 26th. Canadian Pacific Railway’s dividend payout ratio is currently 22.68%.
Canadian Pacific Railway Company Profile
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.
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