Canadian Pacific Kansas City Limited to Post Q1 2024 Earnings of $0.96 Per Share, Atb Cap Markets Forecasts (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Stock analysts at Atb Cap Markets decreased their Q1 2024 EPS estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Tuesday, April 9th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $0.96 for the quarter, down from their previous forecast of $1.01. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.39 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.33 EPS, FY2024 earnings at $4.44 EPS, Q1 2025 earnings at $1.22 EPS, Q3 2025 earnings at $1.25 EPS and Q4 2025 earnings at $1.53 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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of C$3.66 billion.

Other equities analysts have also recently issued research reports about the stock. Scotiabank cut shares of Canadian Pacific Kansas City from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$120.00 to C$126.00 in a research report on Monday, March 25th. TD Securities lifted their target price on shares of Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Stephens lifted their target price on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the stock 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$112.00 to C$117.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. 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 stock an “outperform” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$120.19.

Canadian Pacific Kansas City Stock Performance

TSE CP opened at C$118.55 on Thursday. 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 debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53. The company has a market capitalization of C$110.55 billion, a P/E ratio of 28.16, a P/E/G ratio of 2.32 and a beta of 0.75. The company has a fifty day moving average of C$117.96 and a 200-day moving average of C$107.11.

Canadian Pacific Kansas City Announces Dividend

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

Insider Activity

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total transaction of C$930,859.57. In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total transaction of C$930,859.57. Also, Senior Officer Nadeem Velani sold 1,000 shares of the company’s stock in a transaction that occurred 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. Insiders sold 97,758 shares of company stock valued at $10,774,715 over the last three months. 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.