Canadian Pacific Kansas City Limited (NYSE:CP) Forecasted to Earn Q3 2024 Earnings of $0.76 Per Share

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Investment analysts at Raymond James dropped their Q3 2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a report issued on Wednesday, July 31st. Raymond James analyst S. Hansen now forecasts that the transportation company will post earnings per share of $0.76 for the quarter, down from their previous estimate of $0.80. Raymond James has a “Outperform” rating and a $130.00 price objective on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.11 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $3.10 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the prior year, the business posted $0.62 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year.

A number of other analysts have also recently commented on the company. Susquehanna reaffirmed a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday. Evercore ISI cut their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Barclays decreased their target price on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Wells Fargo & Company started coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 price objective for the company. Finally, Evercore dropped their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $95.70.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $78.81 on Friday. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a market cap of $73.53 billion, a PE ratio of 25.26, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.43 and a current ratio of 0.51. The business has a 50-day simple moving average of $79.80 and a two-hundred day simple moving average of $82.76.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. LRI Investments LLC acquired a new position in Canadian Pacific Kansas City during the 1st quarter worth about $32,000. ORG Partners LLC purchased a new position in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $39,000. Independence Bank of Kentucky acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $43,000. Tobam purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $51,000. Finally, Rational Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at $52,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.95%.

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.