Canadian Pacific Kansas City Limited (NYSE:CP) Expected to Post Q2 2024 Earnings of $0.71 Per Share

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Equities research analysts at Atb Cap Markets reduced their Q2 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research report issued on Wednesday, April 24th. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will post earnings of $0.71 per share for the quarter, down from their previous forecast of $0.78. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q3 2024 earnings at $0.80 EPS, Q1 2025 earnings at $0.83 EPS and FY2025 earnings at $3.72 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.57%.

Several other brokerages have also weighed in on CP. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Susquehanna Bancshares lowered Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and cut their price target for the company from $90.00 to $87.00 in a research note on Monday, January 8th. Raymond James lifted their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Susquehanna cut their price target on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.42.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $81.66 on Friday. The stock has a market cap of $76.16 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94. The business has a 50-day simple moving average of $87.04 and a 200-day simple moving average of $79.80. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a $0.141 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Large investors have recently made changes to their positions in the stock. Sands Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $31,000. Anchor Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $40,000. Independence Bank of Kentucky purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $43,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $45,000. Finally, Rational Advisors LLC acquired a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $52,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.