Brokers Set Expectations for Canadian Pacific Kansas City Limited’s Q1 2024 Earnings (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities researchers at Raymond James reduced their Q1 2024 earnings estimates for Canadian Pacific Kansas City in a research report issued on Monday, April 22nd. Raymond James analyst S. Hansen now expects that the company will earn $0.94 per share for the quarter, down from their previous estimate of $0.99. Raymond James has a “Outperform” rating and a $130.00 price target on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.35 EPS.

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

Several other equities research analysts have also issued reports on CP. Royal Bank of Canada increased their price objective on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. Scotiabank lowered shares of Canadian Pacific Kansas City from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$120.00 to C$126.00 in a research report on Monday, March 25th. Sanford C. Bernstein increased their price objective on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. TD Securities increased their price objective on shares of Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Finally, Barclays increased their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research report on Thursday, April 4th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of C$120.88.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at C$119.77 on Tuesday. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53. The company has a 50 day moving average price of C$118.43 and a 200 day moving average price of C$108.04. The firm has a market capitalization of C$111.69 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.63%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 18.05%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total transaction of C$930,859.57. In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total transaction of C$930,859.57. Also, Senior Officer Nadeem Velani sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total transaction of C$123,300.00. Insiders have sold 97,758 shares of company stock worth $10,774,715 in the last ninety days. 0.03% of the stock is owned by 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.