Canadian Pacific Kansas City (CP) Scheduled to Post Earnings on Wednesday

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) will be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Canadian Pacific Kansas City to post earnings of C$0.97 per share for the quarter.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.12 by C$0.06. The firm had revenue of C$3.78 billion for the quarter, compared to analysts’ expectations of C$3.66 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%.

Canadian Pacific Kansas City Stock Down 1.2 %

Shares of TSE CP opened at C$116.44 on Wednesday. The firm’s 50-day moving average price is C$118.13 and its 200-day moving average price is C$107.44. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85. The stock has a market capitalization of C$108.59 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 2.32 and a beta of 0.75. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is 18.05%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CP. Desjardins upped their target price on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Sanford C. Bernstein upped their price target on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. TD Securities upped their price target on shares of Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Finally, Barclays upped their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a report on Thursday, April 4th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of C$120.25.

Insider Activity at Canadian Pacific Kansas City

In other news, Senior Officer Nadeem Velani sold 1,500 shares of Canadian Pacific Kansas City stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$122.15, for a total value of C$183,225.00. In other news, Senior Officer John Kenneth Brooks sold 27,505 shares of the firm’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. Also, Senior Officer Nadeem Velani sold 1,500 shares of Canadian Pacific Kansas City stock in a transaction dated Friday, March 8th. The stock was sold at an average price of C$122.15, for a total transaction of C$183,225.00. Over the last quarter, insiders have sold 97,758 shares of company stock worth $10,774,715. 0.03% of the stock is owned by company insiders.

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.