Canadian Pacific Kansas City (CP) Scheduled to Post Quarterly Earnings on Wednesday

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect Canadian Pacific Kansas City to post earnings of C$1.03 per share for the quarter.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.01 by C$0.04. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. The company had revenue of C$3.60 billion for the quarter, compared to analysts’ expectations of C$3.55 billion.

Canadian Pacific Kansas City Trading Down 1.4 %

Shares of TSE:CP opened at C$108.98 on Tuesday. The company has a 50-day simple moving average of C$112.31 and a 200 day simple moving average of C$111.67. The company has a market capitalization of C$101.69 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, October 28th were given a $0.19 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Analyst Upgrades and Downgrades

CP has been the subject of several research reports. ATB Capital raised their price target on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$124.00 to C$130.00 in a report on Wednesday, July 10th. National Bankshares set a C$119.00 price target on shares of Canadian Pacific Kansas City and gave the company a “sector perform” rating in a report on Thursday, June 27th. Barclays boosted their price objective on Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, Sanford C. Bernstein lowered their target price on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of C$121.13.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 21,700 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total value of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. 0.03% of the stock is owned by 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.