Atb Cap Markets Brokers Cut Earnings Estimates for Canadian Pacific Kansas City Limited (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Research analysts at Atb Cap Markets reduced their FY2024 earnings estimates for Canadian Pacific Kansas City in a report issued on Wednesday, April 24th. Atb Cap Markets analyst C. Murray now expects that the transportation company will post earnings of $3.16 per share for the year, down from their previous forecast of $3.27. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.16 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.97 EPS, Q2 2025 earnings at $0.85 EPS and Q4 2025 earnings at $1.12 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%.

A number of other analysts have also issued reports on CP. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Jefferies Financial Group started coverage on shares of Canadian Pacific Kansas City in a research note on Monday, April 8th. They issued a “buy” rating and a $105.00 price objective for the company. Evercore ISI lowered their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $90.00 to $87.00 in a research note on Monday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Stock Down 0.5 %

Shares of CP opened at $81.68 on Monday. The firm has a market capitalization of $76.18 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.11 and a beta of 0.94. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average price of $87.04 and a 200-day moving average price of $79.90.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sands Capital Management LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $31,000. Anchor Investment Management LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $40,000. Independence Bank of Kentucky acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $43,000. McGlone Suttner Wealth Management Inc. acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $45,000. Finally, Rational Advisors LLC purchased a new stake in Canadian Pacific Kansas City in the 1st quarter worth approximately $52,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Cuts Dividend

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

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.