Canadian Pacific Kansas City Limited Forecasted to Post Q2 2024 Earnings of $1.06 Per Share (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Investment analysts at Atb Cap Markets upped their Q2 2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a research report issued on Tuesday, April 9th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of $1.06 per share for the quarter, up from their prior estimate of $1.05. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.39 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q3 2024 earnings at $1.10 EPS, Q2 2025 earnings at $1.25 EPS and FY2025 earnings at $5.25 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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.

CP has been the topic of a number of other research reports. National Bankshares lifted their price objective on Canadian Pacific Kansas City from C$112.00 to C$121.00 in a research note on Thursday, April 4th. TD Securities lifted their price objective on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Royal Bank of Canada lifted their price objective on Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research note on Monday, April 1st. BMO Capital Markets lifted their price objective on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research note on Monday, April 8th. Finally, Sanford C. Bernstein boosted their target price on Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of C$120.19.

Canadian Pacific Kansas City Stock Performance

TSE:CP opened at C$118.55 on Friday. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42. Canadian Pacific Kansas City has a 1 year low of C$94.45 and a 1 year high of C$123.37. The stock’s 50 day simple moving average is C$117.96 and its two-hundred day simple moving average is C$107.11. The company has a market cap of C$110.55 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 2.32 and a beta of 0.75.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the company’s 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. In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 27,505 shares of the company’s 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 the company’s 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 have sold 97,758 shares of company stock valued at $10,774,715 in the last quarter. 0.03% of the stock is owned by insiders.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) 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.