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

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.72 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. On average, analysts expect Canadian Pacific Kansas City to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $84.68 on Monday. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market capitalization of $78.97 billion, a P/E ratio of 26.97, a P/E/G ratio of 2.17 and a beta of 0.94. The stock has a 50 day moving average price of $87.10 and a 200 day moving average price of $79.51.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Canadian Pacific Kansas City by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 34,337,847 shares of the transportation company’s stock worth $2,714,750,000 after buying an additional 585,049 shares during the last quarter. Norges Bank purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth $1,136,503,000. Price T Rowe Associates Inc. MD grew its stake in Canadian Pacific Kansas City by 20.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,986,776 shares of the transportation company’s stock worth $1,026,736,000 after buying an additional 2,201,162 shares during the last quarter. Legal & General Group Plc grew its stake in Canadian Pacific Kansas City by 34.1% during the 4th quarter. Legal & General Group Plc now owns 8,643,258 shares of the transportation company’s stock worth $686,584,000 after buying an additional 2,197,564 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Canadian Pacific Kansas City by 1,151.2% during the 1st quarter. Wellington Management Group LLP now owns 7,157,741 shares of the transportation company’s stock worth $591,239,000 after buying an additional 6,585,655 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CP shares. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Susquehanna decreased their price target on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. Stifel Nicolaus raised their price target on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Finally, Jefferies Financial Group started coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 price objective on the stock. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.29.

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.