Brokerages Anticipate Canadian Pacific Railway Limited (NYSE:CP) Will Post Quarterly Sales of $1.68 Billion

Analysts expect that Canadian Pacific Railway Limited (NYSE:CPGet Rating) (TSE:CP) will announce $1.68 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Canadian Pacific Railway’s earnings. The highest sales estimate is $1.73 billion and the lowest is $1.56 billion. Canadian Pacific Railway reported sales of $1.67 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 0.6%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Canadian Pacific Railway will report full year sales of $6.80 billion for the current financial year, with estimates ranging from $6.52 billion to $7.00 billion. For the next fiscal year, analysts forecast that the company will report sales of $9.08 billion, with estimates ranging from $7.17 billion to $10.94 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Canadian Pacific Railway.

Canadian Pacific Railway (NYSE:CPGet Rating) (TSE:CP) last announced its earnings results on Wednesday, April 27th. The transportation company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Canadian Pacific Railway had a return on equity of 14.62% and a net margin of 36.24%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. The company’s revenue was down 6.2% on a year-over-year basis.

Several research firms have recently weighed in on CP. Zacks Investment Research raised Canadian Pacific Railway from a “sell” rating to a “hold” rating and set a $76.00 price objective for the company in a research report on Monday, February 21st. Wells Fargo & Company raised their target price on Canadian Pacific Railway from $81.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, January 10th. Citigroup raised their target price on Canadian Pacific Railway from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, January 5th. Susquehanna Bancshares raised their target price on Canadian Pacific Railway from $89.00 to $96.00 in a research report on Thursday, April 7th. Finally, Bank of America cut Canadian Pacific Railway from a “buy” rating to a “neutral” rating and set a $81.00 target price for the company. in a research report on Friday, April 8th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Railway presently has an average rating of “Buy” and an average price target of $93.13.

A number of hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in Canadian Pacific Railway by 3.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,730 shares of the transportation company’s stock worth $1,024,000 after buying an additional 512 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in Canadian Pacific Railway by 1.0% during the third quarter. Advisor Group Holdings Inc. now owns 77,012 shares of the transportation company’s stock worth $5,013,000 after buying an additional 742 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Canadian Pacific Railway by 16.1% during the 3rd quarter. Truist Financial Corp now owns 86,609 shares of the transportation company’s stock valued at $5,635,000 after purchasing an additional 12,035 shares in the last quarter. MUFG Americas Holdings Corp lifted its holdings in shares of Canadian Pacific Railway by 7.0% during the 3rd quarter. MUFG Americas Holdings Corp now owns 12,845 shares of the transportation company’s stock valued at $836,000 after purchasing an additional 845 shares in the last quarter. Finally, Mufg Securities Canada LTD. lifted its holdings in shares of Canadian Pacific Railway by 0.4% during the 3rd quarter. Mufg Securities Canada LTD. now owns 356,156 shares of the transportation company’s stock valued at $23,303,000 after purchasing an additional 1,335 shares in the last quarter. Hedge funds and other institutional investors own 79.49% of the company’s stock.

CP opened at $73.22 on Monday. Canadian Pacific Railway has a 1-year low of $64.37 and a 1-year high of $84.22. The company has a current ratio of 0.43, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $68.09 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 2.34 and a beta of 0.93. The business has a 50 day moving average of $76.76 and a 200-day moving average of $74.83.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 25th. Stockholders of record on Friday, June 24th will be paid a $0.152 dividend. The ex-dividend date is Thursday, June 23rd. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.15. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.83%. Canadian Pacific Railway’s dividend payout ratio (DPR) is 19.30%.

Canadian Pacific Railway Company Profile (Get Rating)

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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Earnings History and Estimates for Canadian Pacific Railway (NYSE:CP)

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