Canadian Pacific Kansas City Limited Forecasted to Post Q2 2024 Earnings of $1.06 Per Share (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Research analysts at Atb Cap Markets increased their Q2 2024 EPS estimates for shares of Canadian Pacific Kansas City in a research note issued on Tuesday, April 9th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $1.06 for the quarter, up from their previous forecast of $1.05. 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 Q3 2024 earnings at $1.10 EPS, Q2 2025 earnings at $1.25 EPS and FY2025 earnings at $5.25 EPS.

Other analysts also recently issued research reports about the stock. National Bankshares lifted their price target on shares of Canadian Pacific Kansas City from C$112.00 to C$121.00 in a research report on Thursday, April 4th. Royal Bank of Canada lifted their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. Desjardins lifted their price target 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. Sanford C. Bernstein lifted their price target on shares of Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. Finally, Barclays lifted their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research report on Thursday, April 4th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$120.19.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at C$118.55 on Friday. The firm has a 50 day moving average of C$117.96 and a 200-day moving average of C$107.11. 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 quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85. The company has a market cap of C$110.55 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75.

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

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued 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 is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.05%.

Insider Buying and Selling

In related 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 company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. In the last ninety days, insiders have sold 97,758 shares of company stock valued at $10,774,715. 0.03% of the stock is owned by insiders.

About Canadian Pacific Kansas City

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.