Canadian Pacific Kansas City (CP) Scheduled to Post Quarterly Earnings on Wednesday

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Canadian Pacific Kansas City to post earnings of $0.72 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. On average, analysts expect Canadian Pacific Kansas City to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $84.27 on Wednesday. The firm has a 50-day simple moving average of $87.17 and a 200-day simple moving average of $79.28. The stock has a market capitalization of $78.59 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a $0.1415 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is 17.83%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arete Wealth Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $207,000. Aureus Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $201,000. Live Oak Investment Partners purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $157,000. Resurgent Financial Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $144,000. Finally, Power Corp of Canada purchased a new position in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $111,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CP shares. Barclays increased their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. Jefferies Financial Group assumed coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a “buy” rating and a $105.00 price objective for the company. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Bank of America raised their price objective on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Hold” and a consensus price target of $95.29.

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.