Q2 2024 EPS Estimates for Canadian Pacific Kansas City Limited Reduced by Analyst (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities researchers at Atb Cap Markets reduced their Q2 2024 EPS estimates for shares of Canadian Pacific Kansas City in a research report issued on Wednesday, April 24th. Atb Cap Markets analyst C. Murray now anticipates that the company will earn $0.98 per share for the quarter, down from their prior forecast of $1.06. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.34 EPS, Q2 2025 earnings at $1.17 EPS, Q3 2025 earnings at $1.26 EPS and FY2025 earnings at $5.10 EPS.

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

Several other research analysts also recently commented on CP. National Bankshares cut their price objective on shares of Canadian Pacific Kansas City from C$121.00 to C$119.00 and set a “sector perform” rating for the company in a report on Thursday, April 25th. Stephens increased their target price on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. TD Securities increased their target price 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 note on Wednesday, January 31st. Royal Bank of Canada increased their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research note on Monday, April 1st. Finally, BMO Capital Markets increased their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research note on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$120.63.

Canadian Pacific Kansas City Stock Down 2.3 %

CP opened at C$108.00 on Monday. The company has a 50 day moving average of C$118.01 and a 200 day moving average of C$108.46. The company has a market cap of C$100.72 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. 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 current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85.

Insider Activity at Canadian Pacific Kansas City

In related news, 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. In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 27,505 shares of the firm’s stock in a transaction 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 the firm’s stock in a transaction 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 the last 90 days, insiders have sold 97,758 shares of company stock valued at $10,774,715. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 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.