Desjardins Weighs in on Canadian Pacific Kansas City Limited’s FY2024 Earnings (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Research analysts at Desjardins dropped their FY2024 earnings estimates for Canadian Pacific Kansas City in a report issued on Tuesday, October 8th. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $4.29 for the year, down from their prior forecast of $4.31. Desjardins has a “Buy” rating and a $132.00 price objective on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $5.14 per share. Desjardins also issued estimates for Canadian Pacific Kansas City’s FY2025 earnings at $5.09 EPS, FY2026 earnings at $5.97 EPS, FY2027 earnings at $6.93 EPS and FY2028 earnings at $7.82 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, topping the consensus estimate of C$1.01 by C$0.04. The business had revenue of C$3.60 billion for the quarter, compared to analyst estimates of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%.

Several other equities research analysts have also recently commented on the company. National Bankshares set a C$119.00 target price on Canadian Pacific Kansas City and gave the company a “sector perform” rating in a research note on Thursday, June 27th. Sanford C. Bernstein decreased their price objective on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday. Citigroup set a C$97.00 target price on Canadian Pacific Kansas City and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, ATB Capital upped their price target on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$121.13.

Canadian Pacific Kansas City Stock Performance

Shares of TSE:CP opened at C$112.94 on Friday. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The firm has a market cap of C$105.39 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37. The business has a fifty day moving average of C$112.10 and a 200-day moving average of C$111.94.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 5,480 shares of Canadian Pacific Kansas City stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total value of C$436,796.55. In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total value of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. 0.03% of the stock is currently owned by corporate insiders.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, October 28th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.38%.

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.