Canadian Pacific Kansas City (CP) Set to Announce Earnings on Wednesday

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) will release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Canadian Pacific Kansas City to post earnings of $0.72 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. On average, analysts expect Canadian Pacific Kansas City to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Canadian Pacific Kansas City Stock Up 2.1 %

Shares of Canadian Pacific Kansas City stock opened at $86.44 on Tuesday. The stock has a 50-day moving average price of $87.14 and a 200 day moving average price of $79.61. The company has a market cap of $80.62 billion, a P/E ratio of 27.53, a P/E/G ratio of 2.17 and a beta of 0.94. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 1 year low of $68.92 and a 1 year high of $91.58.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. The ex-dividend date is Wednesday, March 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.65%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.83%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of recent research reports. Susquehanna cut their price target on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. TD Securities downgraded Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Jefferies Financial Group initiated coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 price target for the company. Barclays raised their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and cut their price objective for the company from $90.00 to $87.00 in a research note on Monday, January 8th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $97.22.

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.