Canadian Pacific Railway Limited (CP) Expected to Announce Quarterly Sales of $1.46 Billion

Equities analysts expect Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) to post $1.46 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Canadian Pacific Railway’s earnings, with the lowest sales estimate coming in at $1.38 billion and the highest estimate coming in at $1.51 billion. Canadian Pacific Railway reported sales of $1.35 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, January 17th.

On average, analysts expect that Canadian Pacific Railway will report full year sales of $5.52 billion for the current financial year, with estimates ranging from $5.26 billion to $5.59 billion. For the next fiscal year, analysts anticipate that the company will report sales of $5.96 billion, with estimates ranging from $5.55 billion to $6.18 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Canadian Pacific Railway.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its earnings results on Thursday, October 18th. The transportation company reported $4.12 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.96. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Canadian Pacific Railway had a return on equity of 28.71% and a net margin of 34.07%. Canadian Pacific Railway’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.90 EPS.

CP has been the subject of several analyst reports. Citigroup restated a “buy” rating and set a $260.00 target price (up from $242.00) on shares of Canadian Pacific Railway in a report on Friday, October 5th. National Bank Financial upgraded Canadian Pacific Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 18th. Stifel Nicolaus increased their target price on Canadian Pacific Railway from $207.00 to $247.00 and gave the company a “hold” rating in a report on Sunday, October 7th. Argus increased their target price on Canadian Pacific Railway from $205.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Finally, Barclays restated a “buy” rating and set a $235.00 target price on shares of Canadian Pacific Railway in a report on Wednesday, September 26th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $236.92.

Shares of CP stock opened at $208.73 on Friday. The stock has a market cap of $29.52 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.46 and a beta of 0.93. Canadian Pacific Railway has a 1-year low of $166.36 and a 1-year high of $224.19. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.68 and a quick ratio of 0.58.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 29th. Shareholders of record on Friday, September 28th were issued a $0.4999 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $2.00 annualized dividend and a yield of 0.96%. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.44. Canadian Pacific Railway’s dividend payout ratio (DPR) is 22.89%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jackson Grant Investment Advisers Inc. purchased a new stake in Canadian Pacific Railway in the 2nd quarter worth approximately $103,000. Zions Bancorporation purchased a new position in shares of Canadian Pacific Railway in the 2nd quarter valued at approximately $134,000. Cerebellum GP LLC purchased a new position in shares of Canadian Pacific Railway in the 3rd quarter valued at approximately $192,000. Usca Ria LLC purchased a new position in shares of Canadian Pacific Railway in the 3rd quarter valued at approximately $207,000. Finally, Ullmann Financial Group Inc. purchased a new position in shares of Canadian Pacific Railway in the 3rd quarter valued at approximately $215,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

Canadian Pacific Railway Company Profile

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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Earnings History and Estimates for Canadian Pacific Railway (NYSE:CP)

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