FY2024 EPS Estimates for Canadian Pacific Kansas City Limited Reduced by Raymond James (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Research analysts at Raymond James dropped their FY2024 earnings estimates for shares of Canadian Pacific Kansas City in a research report issued on Thursday, April 25th. Raymond James analyst S. Hansen now anticipates that the company will post earnings of $4.30 per share for the year, down from their previous estimate of $4.35. Raymond James currently has a “Outperform” rating and a $130.00 target price 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 Q4 2024 earnings at $1.27 EPS.

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

Several other research firms have also recently issued reports on CP. Stephens increased their price objective 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 report on Thursday, January 4th. Barclays lifted their price target on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research report on Thursday, April 4th. CIBC upped their price objective on Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the company an “outperform” rating in a report on Wednesday, March 27th. Desjardins raised their target price on Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Scotiabank dropped their price target on shares of Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$120.63.

Canadian Pacific Kansas City Stock Down 1.0 %

Canadian Pacific Kansas City stock opened at C$110.50 on Monday. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53. 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 50-day simple moving average of C$118.15 and a 200-day simple moving average of C$108.39. The firm has a market capitalization of C$103.05 billion, a P/E ratio of 26.25, a P/E/G ratio of 2.32 and a beta of 0.75.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is presently 18.05%.

Insider Buying and Selling

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 value of C$123,300.00. In related news, Senior Officer John Kenneth Brooks sold 27,505 shares of the firm’s stock in a transaction that occurred on 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 1,000 shares of Canadian Pacific Kansas City stock in a transaction 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. Insiders sold 97,758 shares of company stock worth $10,774,715 in the last 90 days. 0.03% of the stock is 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.