Canadian Pacific Kansas City Limited (TSE:CP) to Post Q3 2024 Earnings of $1.05 Per Share, National Bank Financial Forecasts

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Stock analysts at National Bank Financial cut their Q3 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Tuesday, July 30th. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $1.05 per share for the quarter, down from their previous forecast of $1.11. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.16 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.32 EPS, FY2024 earnings at $4.35 EPS and FY2025 earnings at $5.16 EPS.

Several other equities research analysts have also recently weighed in on the company. Sanford C. Bernstein increased their price objective on Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the stock a “market perform” rating in a report on Wednesday. BMO Capital Markets increased their price objective on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday, April 8th. TD Securities increased their price objective on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a report on Wednesday. Desjardins increased their target price on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, ATB Capital increased their target price on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$123.87.

Canadian Pacific Kansas City Trading Down 2.0 %

TSE CP opened at C$109.26 on Friday. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The company has a debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49. The stock has a 50 day simple moving average of C$109.40 and a two-hundred day simple moving average of C$112.69. The stock has a market cap of C$101.91 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 2.32 and a beta of 0.77.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is 18.77%.

Insiders Place Their Bets

In other news, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of C$108.03, for a total value of C$6,473,511.98. In related news, Senior Officer Nadeem Velani sold 3,200 shares of Canadian Pacific Kansas City stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$109.11, for a total transaction of C$349,155.84. Also, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$108.03, for a total value of C$6,473,511.98. In the last quarter, insiders sold 208,730 shares of company stock valued at $22,779,501. Corporate insiders own 0.03% of the company’s stock.

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.