Q3 2024 EPS Estimates for Canadian Pacific Kansas City Limited (TSE:CP) Lifted by Analyst

Canadian Pacific Kansas City Limited (TSE:CPFree Report) (NYSE:CP) – Zacks Research lifted their Q3 2024 EPS estimates for Canadian Pacific Kansas City in a research report issued on Wednesday, October 9th. Zacks Research analyst R. Department now anticipates that the company will earn $1.03 per share for the quarter, up from their previous estimate of $1.01. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $5.14 per share. Zacks Research also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.22 EPS, Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.31 EPS, Q4 2025 earnings at $1.34 EPS, Q1 2026 earnings at $1.36 EPS, Q2 2026 earnings at $1.32 EPS, Q3 2026 earnings at $1.47 EPS and FY2026 earnings at $5.64 EPS.

Other research analysts have also recently issued research reports about the company. Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research report on Wednesday. TD Securities boosted their price objective on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Citigroup set a C$97.00 target price on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Wednesday. Desjardins boosted their price target on shares of Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays upped their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$121.13.

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Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at C$112.94 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. The business’s 50 day simple moving average is C$112.12 and its 200 day simple moving average is C$112.07. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37. The company has a market cap of C$105.39 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City (TSE:CPGet Free Report) (NYSE:CP) last released its earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.01 by C$0.04. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. The firm had revenue of C$3.60 billion during the quarter, compared to the consensus estimate of C$3.55 billion.

Insider Buying and Selling

In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, October 28th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is 20.38%.

About Canadian Pacific Kansas City

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Canadian Pacific Kansas City (TSE:CP)

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