Canadian Pacific Kansas City Limited (TSE:CP) to Post FY2024 Earnings of $4.24 Per Share, Desjardins Forecasts

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Investment analysts at Desjardins reduced their FY2024 earnings estimates for Canadian Pacific Kansas City in a note issued to investors on Wednesday, April 24th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $4.24 per share for the year, down from their prior forecast of $4.26. Desjardins has a “Buy” rating and a $130.00 price objective on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. Desjardins also issued estimates for Canadian Pacific Kansas City’s FY2028 earnings at $7.70 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The company had revenue of C$3.52 billion for the quarter, compared to analyst estimates of C$3.52 billion.

Other equities research analysts also recently issued reports about the stock. Raymond James boosted their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Sanford C. Bernstein upped their target price on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Stephens upped their target price on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. CIBC upped their target price on shares of Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the company an “outperform” rating in a research note on Wednesday, March 27th. Finally, Barclays upped their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of C$120.63.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at C$111.63 on Monday. 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 firm has a market capitalization of C$104.10 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 2.32 and a beta of 0.75. The firm’s 50 day moving average is C$118.24 and its 200-day moving average is C$108.31. Canadian Pacific Kansas City has a 1 year low of C$94.45 and a 1 year high of C$123.37.

Insider Activity

In other news, Senior Officer Nadeem Velani sold 1,000 shares of the company’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 value of C$123,300.00. In related news, Senior Officer John Kenneth Brooks sold 27,505 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total value of C$123,300.00. Over the last quarter, insiders have sold 97,758 shares of company stock valued at $10,774,715. 0.03% of the stock is owned by insiders.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is 18.05%.

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.