Canadian Pacific Kansas City Limited to Post Q3 2024 Earnings of $0.81 Per Share, Atb Cap Markets Forecasts (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP - Atb Cap Markets reduced their Q3 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 earn $0.81 per share for the quarter, down from their previous estimate of $0.82. 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 Q2 2025 earnings at $0.92 EPS.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data 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 company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%.

Other research analysts also recently issued research reports about the company. Bank of America increased their target price on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a "buy" rating in a report on Wednesday. Stifel Nicolaus raised their price objective on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a "hold" rating in a research note on Friday. Jefferies Financial Group started coverage on shares of Canadian Pacific Kansas City in a report on Monday. They issued a "buy" rating and a $105.00 price objective for the company. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Wednesday. Finally, TD Securities downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "hold" rating in a research report on Monday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $95.29.

Canadian Pacific Kansas City Stock Down 0.7 %

Shares of CP stock traded down $0.59 during trading hours on Friday, hitting $86.06. 1,966,415 shares of the company were exchanged, compared to its average volume of 2,065,003. The stock has a market capitalization of $80.26 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 2.25 and a beta of 0.94. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58. The business's 50-day simple moving average is $87.07 and its two-hundred day simple moving average is $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.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors 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. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City's payout ratio is currently 17.83%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

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

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.