Q1 2024 Earnings Forecast for Canadian Pacific Kansas City Limited (TSE:CP) Issued By Atb Cap Markets

Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Equities researchers at Atb Cap Markets dropped their Q1 2024 EPS estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Tuesday, April 9th. Atb Cap Markets analyst C. Murray now forecasts that the company will earn $0.96 per share for the quarter, down from their prior forecast of $1.01. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $4.39 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City's Q4 2024 earnings at $1.33 EPS, FY2024 earnings at $4.44 EPS, Q1 2025 earnings at $1.22 EPS, Q3 2025 earnings at $1.25 EPS and Q4 2025 earnings at $1.53 EPS.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets raised their price objective on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday. Raymond James raised their price objective on shares of Canadian Pacific Kansas City from C$116.00 to C$120.00 in a report on Monday, January 22nd. Sanford C. Bernstein raised their price objective on shares of Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the stock a "market perform" rating in a report on Monday, February 5th. Barclays raised their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a report on Thursday, April 4th. Finally, Stephens raised their price objective on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the stock an "equal weight" rating in a report on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$119.44.

Canadian Pacific Kansas City Stock Performance

CP traded down C$1.90 during midday trading on Thursday, hitting C$118.57. 970,945 shares of the company traded hands, compared to its average volume of 1,171,995. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85. The firm has a market capitalization of C$110.57 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. The company's 50-day moving average is C$117.83 and its 200 day moving average is C$107.01. Canadian Pacific Kansas City has a 52 week low of C$94.45 and a 52 week high of C$123.37.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last announced its quarterly earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.12 by C$0.06. The company had revenue of C$3.78 billion for the quarter, compared to analysts' expectations of C$3.66 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%.

Insider Activity

In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total value of C$123,300.00. In related news, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total value of C$7,162,691.43. Also, Senior Officer Nadeem Velani sold 1,000 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total value of C$123,300.00. Over the last 90 days, insiders have sold 97,758 shares of company stock valued at $10,774,715. 0.03% of the stock is currently owned by insiders.

Canadian Pacific Kansas City Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.64%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 18.05%.

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.