FY2024 EPS Estimates for Canadian Pacific Kansas City Limited Cut by Desjardins (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Investment analysts at Desjardins decreased their FY2024 earnings per share estimates for Canadian Pacific Kansas City in a research report issued on Wednesday, April 24th. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $4.24 for the year, down from their prior estimate of $4.26. Desjardins currently has a “Buy” rating and a $130.00 target price on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. Desjardins also issued estimates for Canadian Pacific Kansas City’s FY2028 earnings at $7.70 EPS.

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

A number of other research firms have also issued reports on CP. National Bankshares lowered their target price on Canadian Pacific Kansas City from C$121.00 to C$119.00 and set a “sector perform” rating on the stock in a report on Thursday. Royal Bank of Canada lifted their target price on Canadian Pacific Kansas City from C$127.00 to C$133.00 in a report on Monday, April 1st. CIBC lifted their target price on Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the stock an “outperform” rating in a report on Wednesday, March 27th. Sanford C. Bernstein increased their price target on Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a research report on Monday, April 15th. Finally, Barclays increased their price target on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research report on Thursday, April 4th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$120.63.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at C$111.63 on Monday. The stock’s fifty day moving average is C$118.24 and its 200-day moving average is C$108.31. The firm has a market capitalization of C$104.10 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a $0.19 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.76 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.05%.

Insider Buying and Selling

In other news, Senior Officer Keith E. Creel sold 59,925 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. In other news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total value of C$930,859.57. In the last ninety days, insiders sold 97,758 shares of company stock worth $10,774,715. 0.03% of the stock is currently owned by insiders.

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.