Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Investment analysts at Atb Cap Markets lifted their Q2 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Tuesday, April 9th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $1.06 for the quarter, up from their previous estimate of $1.05. 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 Q3 2024 earnings at $1.10 EPS, Q2 2025 earnings at $1.25 EPS and FY2025 earnings at $5.25 EPS.
Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last posted its earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share for the quarter, topping analysts' consensus estimates of C$1.12 by C$0.06. The firm had revenue of C$3.78 billion for the quarter, compared to analyst estimates of C$3.66 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%.
A number of other research analysts also recently issued reports on the company. Royal Bank of Canada boosted their price objective on Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research note on Monday, April 1st. JPMorgan Chase & Co. increased their price target on Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an "overweight" rating in a report on Wednesday, January 31st. Sanford C. Bernstein lifted their price objective on shares of Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the company a "market perform" rating in a research note on Monday, February 5th. Desjardins lifted their price target on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a "buy" rating in a research note on Friday. Finally, Barclays increased their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research report on Thursday, April 4th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$120.19.
Read Our Latest Research Report on CP
Canadian Pacific Kansas City Trading Down 0.0 %
Shares of Canadian Pacific Kansas City stock traded down C$0.02 during midday trading on Friday, reaching C$118.55. The company had a trading volume of 801,130 shares, compared to its average volume of 1,166,891. The stock has a fifty day moving average price of C$117.83 and a 200 day moving average price of C$107.01. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The firm has a market cap of C$110.55 billion, a PE ratio of 28.04, a P/E/G ratio of 2.32 and a beta of 0.75. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42.
Insider Activity
In other news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total transaction of C$930,859.57. In other news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. Also, Senior Officer Nadeem Velani sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total transaction of C$123,300.00. Insiders have sold a total of 97,758 shares of company stock worth $10,774,715 over the last ninety days. Company insiders own 0.03% of the company's stock.
Canadian Pacific Kansas City Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued 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 payout ratio 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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