Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Investment analysts at National Bank Financial cut their Q1 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research note issued on Wednesday, April 3rd. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $0.93 for the quarter, down from their previous forecast of $0.98. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $4.39 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City's Q4 2024 earnings at $1.32 EPS, FY2024 earnings at $4.36 EPS and FY2025 earnings at $5.27 EPS.
Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last released its quarterly earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share for the quarter, beating the consensus estimate of C$1.12 by C$0.06. The business had revenue of C$3.78 billion during the quarter, compared to analysts' expectations of C$3.66 billion. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%.
CP has been the subject of several other research reports. ATB Capital raised their price target on Canadian Pacific Kansas City from C$117.00 to C$120.00 and gave the company an "outperform" rating in a report on Wednesday, January 31st. Desjardins raised their price objective on Canadian Pacific Kansas City from C$108.00 to C$118.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. Stephens raised their price objective on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an "equal weight" rating in a research note on Thursday, January 4th. TD Securities raised their price objective on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the company a "hold" rating in a research note on Wednesday, January 31st. Finally, Barclays raised their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$118.31.
View Our Latest Report on Canadian Pacific Kansas City
Canadian Pacific Kansas City Price Performance
TSE CP traded up C$1.05 during trading on Friday, hitting C$118.87. 553,866 shares of the stock traded hands, compared to its average volume of 1,188,408. The company has a market capitalization of C$110.85 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. The firm has a 50-day simple moving average of C$116.61 and a 200-day simple moving average of C$106.49. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37.
Insider Buying and Selling at Canadian Pacific Kansas City
In other news, Senior Officer John Kenneth Brooks sold 27,505 shares of Canadian Pacific Kansas City stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total value of C$2,374,638.67. In other news, Senior Officer John Kenneth Brooks sold 27,505 shares of Canadian Pacific Kansas City stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total value of C$2,374,638.67. Also, Senior Officer Nadeem Velani sold 1,500 shares of Canadian Pacific Kansas City stock in a transaction on Friday, March 8th. The shares were sold at an average price of C$122.15, for a total value of C$183,225.00. Insiders sold a total of 37,833 shares of company stock valued at $3,612,023 in the last ninety days. Corporate insiders own 0.03% of the company's stock.
Canadian Pacific Kansas City Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 18.05%.
About Canadian Pacific Kansas City
(
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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.
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