FY2024 EPS Estimates for Canadian Pacific Kansas City Limited Lowered by Atb Cap Markets (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research note issued on Tuesday, July 30th. Atb Cap Markets analyst C. Murray now anticipates that the transportation company will earn $3.12 per share for the year, down from their prior estimate of $3.19. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.11 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q1 2025 earnings at $0.81 EPS, Q2 2025 earnings at $0.87 EPS, Q3 2025 earnings at $0.91 EPS and FY2025 earnings at $3.72 EPS.

CP has been the topic of a number of other reports. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Evercore cut their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Wells Fargo & Company assumed coverage on Canadian Pacific Kansas City in a research note on Friday, June 7th. They set an “overweight” rating and a $90.00 price objective on the stock. Barclays cut their target price on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, Sanford C. Bernstein upped their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research report on Monday, July 8th. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

Canadian Pacific Kansas City Trading Down 1.9 %

Shares of CP stock opened at $78.81 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm has a market cap of $73.53 billion, a P/E ratio of 25.26, a PEG ratio of 2.27 and a beta of 0.96. The company has a 50 day moving average of $79.80 and a 200-day moving average of $82.76. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58.

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

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid 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 payout ratio is currently 17.95%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CP. Delta Investment Management LLC boosted its stake in Canadian Pacific Kansas City by 3.2% during the first quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock worth $363,000 after acquiring an additional 126 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Canadian Pacific Kansas City by 12.1% in the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock worth $108,000 after purchasing an additional 133 shares in the last quarter. Commerce Bank grew its stake in shares of Canadian Pacific Kansas City by 0.3% in the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock worth $4,393,000 after buying an additional 144 shares during the last quarter. Accretive Wealth Partners LLC increased its position in Canadian Pacific Kansas City by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after buying an additional 145 shares in the last quarter. Finally, Mayflower Financial Advisors LLC raised its stake in Canadian Pacific Kansas City by 1.1% during the second quarter. Mayflower Financial Advisors LLC now owns 13,843 shares of the transportation company’s stock valued at $1,090,000 after buying an additional 147 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

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.