Q2 2024 EPS Estimates for Canadian Pacific Kansas City Limited Reduced by Analyst (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Investment analysts at Atb Cap Markets decreased their Q2 2024 earnings estimates for Canadian Pacific Kansas City in a report issued on Wednesday, April 24th. Atb Cap Markets analyst C. Murray now expects that the company will earn $0.98 per share for the quarter, down from their prior estimate of $1.06. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.34 EPS, Q2 2025 earnings at $1.17 EPS, Q3 2025 earnings at $1.26 EPS and FY2025 earnings at $5.10 EPS.

A number of other equities analysts have also issued reports on CP. Royal Bank of Canada raised their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. TD Securities raised their target price on shares of 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. Scotiabank lowered their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 25th. ATB Capital increased their price target on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets increased their price target on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday, April 8th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$120.63.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at C$108.00 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85. The firm has a market cap of C$100.72 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. The company’s 50 day simple moving average is C$118.01 and its 200-day simple moving average is C$108.46. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.93 EPS for the quarter, missing the consensus estimate of C$0.95 by C($0.02). The company had revenue of C$3.52 billion during the quarter, compared to analysts’ expectations of C$3.52 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total value of C$7,162,691.43. In other news, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total value of C$7,162,691.43. Also, Senior Officer Nadeem Velani sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total value of C$123,300.00. Over the last quarter, insiders sold 97,758 shares of company stock valued at $10,774,715. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.05%.

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.