Canadian Pacific Kansas City Limited (TSE:CP) Expected to Earn Q2 2024 Earnings of $1.01 Per Share

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities research analysts at National Bank Financial boosted their Q2 2024 earnings estimates for shares of Canadian Pacific Kansas City in a report issued on Wednesday, April 3rd. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $1.01 per share for the quarter, up from their previous estimate of $1.00. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.39 per share.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Tuesday, January 30th. The company reported C$1.18 EPS for the quarter, beating the consensus estimate of C$1.12 by C$0.06. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The business had revenue of C$3.78 billion for the quarter, compared to the consensus estimate of C$3.66 billion.

A number of other analysts also recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday. National Bankshares raised their price objective on Canadian Pacific Kansas City from C$112.00 to C$121.00 in a research report on Thursday, April 4th. TD Securities boosted their target price on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. ATB Capital raised their price target on Canadian Pacific Kansas City from C$117.00 to C$120.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, CIBC upped their price objective on Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the stock an “outperform” rating in a report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of C$118.81.

Canadian Pacific Kansas City Price Performance

CP stock opened at C$121.09 on Monday. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53. The company’s fifty day moving average price is C$117.44 and its 200-day moving average price is C$106.83. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37. The company has a market capitalization of C$112.92 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75.

Insiders Place Their Bets

In related news, Senior Officer James Dominic Luther Clements sold 7,828 shares of Canadian Pacific Kansas City stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total transaction of C$930,859.57. In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 27,505 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total value of C$2,374,638.67. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total value of C$930,859.57. Insiders sold 37,833 shares of company stock valued at $3,612,023 over the last three months. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.63%. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.05%.

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.