National Bank Financial Comments on Canadian Pacific Kansas City Limited’s Q2 2024 Earnings (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Investment analysts at National Bank Financial lowered their Q2 2024 earnings per share estimates for Canadian Pacific Kansas City in a research report issued to clients and investors on Wednesday, April 24th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $0.95 per share for the quarter, down from their previous forecast of $1.01. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.29 EPS.

Several other brokerages have also issued reports on CP. JPMorgan Chase & Co. boosted their target price on Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. TD Securities boosted their price objective on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. Barclays boosted their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. National Bankshares decreased their price objective on Canadian Pacific Kansas City from C$121.00 to C$119.00 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, Stephens boosted their price objective on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$120.63.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at C$111.63 on Monday. The firm has a market cap of C$104.10 billion, a PE ratio of 26.52, a PEG ratio of 2.32 and a beta of 0.75. The stock’s fifty day moving average price is C$118.24 and its two-hundred day moving average price is C$108.31. 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.

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

Canadian Pacific Kansas City Announces Dividend

The firm 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. This represents a $0.76 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is 18.05%.

Insider Buying and Selling

In related news, Senior Officer Nadeem Velani sold 1,000 shares of the business’s stock in a transaction dated 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 Nadeem Velani sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total value of C$123,300.00. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the company’s stock in a transaction dated 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. Insiders sold a total of 97,758 shares of company stock worth $10,774,715 over the last ninety days. 0.03% of the stock is owned by corporate 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.