Canadian Pacific Kansas City Limited (TSE:CP) Forecasted to Earn Q1 2024 Earnings of $0.94 Per Share

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities research analysts at Raymond James reduced their Q1 2024 EPS estimates for shares of Canadian Pacific Kansas City in a research note issued to investors on Monday, April 22nd. Raymond James analyst S. Hansen now expects that the company will post earnings of $0.94 per share for the quarter, down from their previous estimate of $0.99. Raymond James currently has a “Outperform” rating and a $130.00 target price on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.35 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.12 by C$0.06. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. The company had revenue of C$3.78 billion for the quarter, compared to the consensus estimate of C$3.66 billion.

Several other analysts have also weighed in on the stock. National Bankshares lifted their target price on shares of Canadian Pacific Kansas City from C$112.00 to C$121.00 in a research report on Thursday, April 4th. Desjardins lifted their target price on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Stephens lifted their target price on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Sanford C. Bernstein lifted their target price on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a research report on Monday, April 15th. Finally, ATB Capital lifted their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$120.88.

Canadian Pacific Kansas City Stock Performance

TSE:CP opened at C$118.41 on Tuesday. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53. The firm’s 50-day moving average is C$118.28 and its 200-day moving average is C$107.90. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37. The company has a market cap of C$110.42 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 2.32 and a beta of 0.75.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 27,505 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total value of C$2,374,638.67. In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total value of C$7,162,691.43. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. Over the last three months, insiders sold 97,758 shares of company stock valued at $10,774,715. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.05%.

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.