Q2 2024 EPS Estimates for Canadian Pacific Kansas City Limited Lifted by Analyst (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Investment analysts at National Bank Financial boosted their Q2 2024 earnings per share (EPS) estimates for Canadian Pacific Kansas City in a note issued to investors on Wednesday, June 26th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $1.00 per share for the quarter, up from their previous estimate of $0.95. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.16 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.33 EPS, FY2024 earnings at $4.37 EPS and FY2025 earnings at $5.17 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). Canadian Pacific Kansas City had a return on equity of 9.36% and a net margin of 28.26%. The firm had revenue of C$3.52 billion during the quarter, compared to the consensus estimate of C$3.52 billion.

A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a report on Monday, April 1st. Raymond James boosted their price target on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. National Bankshares set a C$119.00 price objective on Canadian Pacific Kansas City and gave the company a “sector perform” rating in a research report on Thursday, June 27th. Desjardins boosted their target price on Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, CIBC upped their target price on shares of Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the company an “outperform” rating in a research note on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$120.63.

Canadian Pacific Kansas City Trading Down 0.4 %

Shares of TSE CP opened at C$107.74 on Monday. The firm’s 50 day moving average price is C$109.11 and its 200-day moving average price is C$111.47. 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 51.94, a quick ratio of 0.42 and a current ratio of 0.49. The company has a market cap of C$100.49 billion, a PE ratio of 26.60, a P/E/G ratio of 2.32 and a beta of 0.77.

Insider Transactions at Canadian Pacific Kansas City

In other news, Senior Officer Jeffrey Ellis sold 21,255 shares of Canadian Pacific Kansas City stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of C$111.35, for a total value of C$2,366,646.48. In other news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$113.21, for a total value of C$6,783,869.55. Also, Senior Officer Jeffrey Ellis sold 21,255 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of C$111.35, for a total transaction of C$2,366,646.48. Insiders sold a total of 208,730 shares of company stock valued at $23,468,681 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a $0.19 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City’s payout ratio is 18.77%.

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.