Canadian Pacific Kansas City Limited Expected to Earn Q1 2024 Earnings of $0.96 Per Share (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Atb Cap Markets decreased their Q1 2024 earnings per share (EPS) 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 company will post earnings per share of $0.96 for the quarter, down from their previous 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.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Tuesday, January 30th. The company reported C$1.18 EPS for the quarter, topping the consensus estimate of C$1.12 by C$0.06. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The business had revenue of C$3.78 billion during the quarter, compared to the consensus estimate of C$3.66 billion.

A number of other brokerages have also weighed in on CP. BMO Capital Markets boosted their price objective on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday. JPMorgan Chase & Co. raised their target price on Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. TD Securities raised their target price on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Royal Bank of Canada raised their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. Finally, Desjardins lifted their target price on shares of 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. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$119.44.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at C$120.47 on Thursday. The company has a market cap of C$112.34 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85. The stock has a 50-day moving average price of C$117.69 and a 200-day moving average price of C$106.93. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.05%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 27,505 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 1,000 shares of Canadian Pacific Kansas City 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 value of C$123,300.00. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total value of C$2,374,638.67. Insiders have sold a total of 37,833 shares of company stock worth $3,612,023 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

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.