Canadian Pacific Kansas City (CP) Scheduled to Post Earnings on Wednesday

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) is scheduled to release its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Canadian Pacific Kansas City to post earnings of $0.75 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period last year, the business posted $0.62 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts expect Canadian Pacific Kansas City to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Canadian Pacific Kansas City Trading Down 1.6 %

CP opened at $78.77 on Tuesday. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The business has a fifty day simple moving average of $82.86 and a 200-day simple moving average of $81.58. The firm has a market cap of $73.50 billion, a P/E ratio of 25.25, a P/E/G ratio of 2.21 and a beta of 0.96. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be given a dividend of $0.1373 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Wall Street Analysts Forecast Growth

CP has been the topic of several analyst reports. Jefferies Financial Group reduced their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Barclays increased their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Citigroup initiated coverage on Canadian Pacific Kansas City in a research note on Wednesday, October 9th. They issued a “buy” rating and a $97.00 price objective on the stock. Evercore ISI increased their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $97.90.

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.