Canadian Pacific Railway Limited to Post Q3 2017 Earnings of $2.80 Per Share, Cormark Forecasts (CP)
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Investment analysts at Cormark decreased their Q3 2017 EPS estimates for shares of Canadian Pacific Railway Limited in a report issued on Monday. Cormark analyst D. Tyerman now anticipates that the company will earn $2.80 per share for the quarter, down from their previous forecast of $3.13. Cormark also issued estimates for Canadian Pacific Railway Limited’s Q4 2017 earnings at $3.23 EPS and FY2018 earnings at $12.29 EPS.
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, July 19th. The company reported C$2.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$2.69 by C$0.08. The business had revenue of C$1.64 billion during the quarter, compared to analysts’ expectations of C$1.62 billion. Canadian Pacific Railway Limited had a net margin of 29.21% and a return on equity of 37.13%.
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Other equities analysts also recently issued reports about the stock. National Bank Financial downgraded shares of Canadian Pacific Railway Limited from an “overweight” rating to a “sector perform” rating and decreased their price target for the stock from C$219.00 to C$207.00 in a research note on Wednesday. CIBC raised their price target on shares of Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a research note on Thursday, July 6th. Royal Bank Of Canada raised their price target on shares of Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the stock an “outperform” rating in a research note on Thursday, July 20th. Finally, Scotiabank decreased their price target on shares of Canadian Pacific Railway Limited from C$225.00 to C$220.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 23rd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$214.54.
Shares of Canadian Pacific Railway Limited (TSE CP) opened at 191.67 on Tuesday. The stock has a 50 day moving average of $194.20 and a 200-day moving average of $202.71. The firm has a market cap of $28.00 billion and a price-to-earnings ratio of 17.20. Canadian Pacific Railway Limited has a 1-year low of $186.21 and a 1-year high of $218.78.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, September 28th.
In other Canadian Pacific Railway Limited news, insider Steven Nettleton sold 436 shares of Canadian Pacific Railway Limited stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$155.68, for a total transaction of C$67,876.48. Insiders have sold 641 shares of company stock worth $101,958 over the last ninety days.
About Canadian Pacific Railway Limited
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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