Q2 2024 EPS Estimates for Canadian Pacific Kansas City Limited Reduced by Analyst (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Investment analysts at Atb Cap Markets lowered their Q2 2024 earnings per share 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 company will earn $0.98 per share for the quarter, down from their previous forecast of $1.06. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.34 EPS, Q2 2025 earnings at $1.17 EPS, Q3 2025 earnings at $1.26 EPS and FY2025 earnings at $5.10 EPS.

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 for the quarter, missing the consensus estimate of C$0.95 by C($0.02). Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The firm had revenue of C$3.52 billion during the quarter, compared to analysts’ expectations of C$3.52 billion.

Several other equities research analysts have also recently weighed in on CP. ATB Capital upped their target price on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Sanford C. Bernstein upped their target price on Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Stephens upped their target price on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Scotiabank lowered their target price on Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, BMO Capital Markets upped their price objective on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research note on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$120.63.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at C$111.63 on Monday. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37. The stock has a market capitalization of C$104.10 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 2.32 and a beta of 0.75. The stock has a fifty day simple moving average of C$118.24 and a two-hundred day simple moving average of C$108.31. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85.

Canadian Pacific Kansas City Dividend Announcement

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 is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.05%.

Insider Activity at Canadian Pacific Kansas City

In related news, 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 transaction of C$2,374,638.67. In related news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total value of C$2,374,638.67. Insiders have sold 97,758 shares of company stock valued at $10,774,715 in the last ninety days. Corporate insiders own 0.03% 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.