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

Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP - Research analysts at Atb Cap Markets reduced their Q1 2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a report released on Tuesday, April 9th. Atb Cap Markets analyst C. Murray now anticipates that the transportation company will post earnings per share of $0.71 for the quarter, down from their prior forecast of $0.75. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $3.22 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City's Q4 2024 earnings at $0.98 EPS, FY2024 earnings at $3.27 EPS, Q1 2025 earnings at $0.90 EPS, Q3 2025 earnings at $0.92 EPS, Q4 2025 earnings at $1.13 EPS and FY2025 earnings at $3.86 EPS.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. The business had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%.

Other equities research analysts have also issued research reports about the company. StockNews.com upgraded Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Wednesday, January 31st. Scotiabank reissued a "sector perform" rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Barclays upped their price target on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an "overweight" rating in a research note on Thursday, April 4th. TD Securities cut shares of Canadian Pacific Kansas City from a "buy" rating to a "hold" rating in a research report on Monday, January 8th. Finally, Jefferies Financial Group assumed coverage on shares of Canadian Pacific Kansas City in a report on Monday. They issued a "buy" rating and a $105.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $95.12.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded down $1.43 during midday trading on Thursday, reaching $86.65. The stock had a trading volume of 1,970,699 shares, compared to its average volume of 2,066,413. The company has a market capitalization of $80.81 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 2.67 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 stock has a 50-day moving average of $87.07 and a 200-day moving average of $79.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds have recently bought and sold shares of the business. WCM Investment Management LLC increased its holdings in Canadian Pacific Kansas City by 21.8% during the 3rd quarter. WCM Investment Management LLC now owns 38,100,632 shares of the transportation company's stock worth $2,835,068,000 after purchasing an additional 6,819,305 shares during the period. Vanguard Group Inc. boosted its stake in shares of Canadian Pacific Kansas City by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 34,337,847 shares of the transportation company's stock valued at $2,714,750,000 after purchasing an additional 585,049 shares in the last quarter. FMR LLC increased its holdings in Canadian Pacific Kansas City by 1.8% during the third quarter. FMR LLC now owns 31,001,865 shares of the transportation company's stock valued at $2,304,549,000 after buying an additional 553,163 shares during the period. TD Asset Management Inc lifted its holdings in Canadian Pacific Kansas City by 47.7% during the fourth quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company's stock worth $1,682,256,000 after buying an additional 6,835,271 shares during the period. Finally, Norges Bank bought a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $1,136,503,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.65%. Canadian Pacific Kansas City's dividend payout ratio is currently 17.83%.

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.