FY2024 EPS Estimates for Canadian Pacific Kansas City Limited (TSE:CP) Reduced by Raymond James

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities researchers at Raymond James dropped their FY2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Thursday, April 25th. Raymond James analyst S. Hansen now expects that the company will earn $4.30 per share for the year, down from their prior forecast of $4.35. Raymond James has a “Outperform” rating and a $130.00 price objective on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.27 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released 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). Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. The business had revenue of C$3.52 billion for the quarter, compared to the consensus estimate of C$3.52 billion.

Several other research analysts have also issued reports on the company. National Bankshares decreased their target price on Canadian Pacific Kansas City from C$121.00 to C$119.00 and set a “sector perform” rating for the company in a research report on Thursday. BMO Capital Markets upped their price target on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research note on Monday, April 8th. Stephens upped their price target on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Royal Bank of Canada upped their price target on Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. upped their price target on Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$120.63.

Canadian Pacific Kansas City Stock Down 0.5 %

Shares of TSE:CP opened at C$111.63 on Monday. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37. The firm has a market capitalization of C$104.10 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.32 and a beta of 0.75. The stock has a 50 day moving average price of C$118.24 and a 200-day moving average price of C$108.31. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer Nadeem Velani sold 1,000 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total transaction of C$123,300.00. In other news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total value of C$930,859.57. Also, Senior Officer Nadeem Velani sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total value of C$123,300.00. Over the last three months, insiders have sold 97,758 shares of company stock worth $10,774,715. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Announces Dividend

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 given a dividend of $0.19 per share. The ex-dividend date of this dividend 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 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.