Canadian Pacific Kansas City Limited (NYSE:CP) Expected to Post Q2 2024 Earnings of $0.71 Per Share

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Research analysts at Atb Cap Markets cut their Q2 2024 EPS estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Wednesday, April 24th. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will post earnings of $0.71 per share for the quarter, down from their previous forecast of $0.78. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q3 2024 earnings at $0.80 EPS, Q1 2025 earnings at $0.83 EPS and FY2025 earnings at $3.72 EPS.

Other equities analysts have also issued research reports about the stock. Evercore reduced their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Barclays lifted 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 report on Thursday, April 4th. Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and reduced their target price for the company from $90.00 to $87.00 in a report on Monday, January 8th. Finally, StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $81.66 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $76.16 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 2.10 and a beta of 0.94. The firm’s fifty day simple moving average is $87.04 and its 200 day simple moving average is $79.80. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.57%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several large investors have recently modified their holdings of the stock. Narwhal Capital Management lifted its position in shares of Canadian Pacific Kansas City by 1.1% during the first quarter. Narwhal Capital Management now owns 54,073 shares of the transportation company’s stock worth $4,768,000 after purchasing an additional 603 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new position in shares of Canadian Pacific Kansas City during the first quarter worth about $1,440,000. Bogart Wealth LLC lifted its position in shares of Canadian Pacific Kansas City by 17,083.0% during the first quarter. Bogart Wealth LLC now owns 9,107 shares of the transportation company’s stock worth $803,000 after purchasing an additional 9,054 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Canadian Pacific Kansas City by 1.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 313,451 shares of the transportation company’s stock worth $27,663,000 after purchasing an additional 4,992 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Canadian Pacific Kansas City by 8.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,378 shares of the transportation company’s stock worth $1,885,000 after purchasing an additional 1,586 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

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.