Canadian Pacific Kansas City Limited to Post Q2 2024 Earnings of $1.03 Per Share, Raymond James Forecasts (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Research analysts at Raymond James decreased their Q2 2024 earnings per share estimates for Canadian Pacific Kansas City in a report issued on Monday, April 22nd. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $1.03 for the quarter, down from their previous forecast of $1.10. 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 Q3 2024 earnings at $1.10 EPS, Q4 2024 earnings at $1.28 EPS and FY2025 earnings at $5.15 EPS.

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

Several other equities research analysts also recently issued reports on the company. ATB Capital increased their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Barclays increased their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. JPMorgan Chase & Co. increased their price objective on Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. National Bankshares raised their price target on Canadian Pacific Kansas City from C$112.00 to C$121.00 in a research note on Thursday, April 4th. Finally, TD Securities raised their price target on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$120.88.

Canadian Pacific Kansas City Trading Up 1.1 %

Shares of TSE CP opened at C$119.77 on Wednesday. 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$111.69 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 2.32 and a beta of 0.75. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85. The business has a fifty day simple moving average of C$118.43 and a 200-day simple moving average of C$108.04.

Canadian Pacific Kansas City Dividend Announcement

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

Insiders Place Their Bets

In other news, Senior Officer Nadeem Velani sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total transaction of C$123,300.00. In other news, Senior Officer Nadeem Velani sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total transaction of C$123,300.00. Also, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total value of C$7,162,691.43. In the last quarter, insiders sold 97,758 shares of company stock worth $10,774,715. 0.03% of the stock is currently owned by company insiders.

About Canadian Pacific Kansas City

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.