Q2 2024 Earnings Estimate for Canadian Pacific Kansas City Limited Issued By Raymond James (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Analysts at Raymond James reduced their Q2 2024 earnings per share estimates for Canadian Pacific Kansas City in a report released on Monday, April 22nd. Raymond James analyst S. Hansen now expects that the company will earn $1.03 per share for the quarter, down from their prior forecast of $1.10. Raymond James has a “Outperform” rating and a $130.00 price target 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 Q3 2024 earnings at $1.10 EPS, Q4 2024 earnings at $1.28 EPS and FY2025 earnings at $5.15 EPS.

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

A number of other equities research analysts have also commented on the stock. BMO Capital Markets upped their price objective on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research note on Monday, April 8th. CIBC lifted their target price on Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the stock an “outperform” rating in a report on Wednesday, March 27th. Barclays increased their price target on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a report on Thursday, April 4th. Desjardins boosted 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. Finally, Scotiabank lowered shares of Canadian Pacific Kansas City from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$120.00 to C$126.00 in a research note on Monday, March 25th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$120.88.

Canadian Pacific Kansas City Stock Performance

TSE:CP opened at C$112.23 on Wednesday. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53. 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 50 day simple moving average of C$118.38 and a two-hundred day simple moving average of C$108.07. The company has a market capitalization of C$104.66 billion, a PE ratio of 26.66, a P/E/G ratio of 2.32 and a beta of 0.75.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.05%.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 1,000 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total transaction of C$123,300.00. In other news, Senior Officer Keith E. Creel sold 59,925 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total value of C$7,162,691.43. Also, Senior Officer Nadeem Velani sold 1,000 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total value of C$123,300.00. In the last ninety days, insiders sold 97,758 shares of company stock valued at $10,774,715. Corporate insiders own 0.03% 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.