Zacks: Analysts Expect Canadian Pacific Railway Ltd (NYSE:CP) Will Post Earnings of $3.53 Per Share

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Equities analysts expect that Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) will report earnings per share of $3.53 for the current quarter, Zacks reports. Five analysts have made estimates for Canadian Pacific Railway’s earnings. The highest EPS estimate is $3.60 and the lowest is $3.37. Canadian Pacific Railway posted earnings of $3.45 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. The firm is expected to report its next quarterly earnings results on Wednesday, January 22nd.

According to Zacks, analysts expect that Canadian Pacific Railway will report full year earnings of $12.40 per share for the current financial year, with EPS estimates ranging from $12.26 to $12.54. For the next year, analysts anticipate that the firm will report earnings of $13.89 per share, with EPS estimates ranging from $13.39 to $14.18. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Canadian Pacific Railway.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $4.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.41 by $1.20. Canadian Pacific Railway had a return on equity of 32.62% and a net margin of 30.02%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the business earned $4.12 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year.

CP has been the topic of a number of recent analyst reports. Loop Capital upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. UBS Group reduced their target price on Canadian Pacific Railway from $349.00 to $346.00 and set a “buy” rating on the stock in a report on Tuesday, September 17th. Bank of America cut Canadian Pacific Railway from a “buy” rating to a “neutral” rating in a report on Wednesday, October 16th. Royal Bank of Canada reduced their target price on Canadian Pacific Railway from $378.00 to $355.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Wells Fargo & Co initiated coverage on Canadian Pacific Railway in a report on Monday, October 28th. They set a “market perform” rating and a $253.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $270.88.

CP traded down $2.41 during midday trading on Monday, reaching $235.83. 277,592 shares of the company were exchanged, compared to its average volume of 434,889. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 0.57. Canadian Pacific Railway has a one year low of $167.48 and a one year high of $247.52. The stock has a market capitalization of $32.76 billion, a P/E ratio of 21.06, a PEG ratio of 1.77 and a beta of 1.13. The stock’s 50-day simple moving average is $231.18 and its 200 day simple moving average is $231.69.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WCM Investment Management LLC lifted its stake in Canadian Pacific Railway by 6.2% in the 3rd quarter. WCM Investment Management LLC now owns 5,380,761 shares of the transportation company’s stock valued at $1,197,004,000 after acquiring an additional 315,137 shares in the last quarter. Vanguard Group Inc. lifted its stake in Canadian Pacific Railway by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,917,853 shares of the transportation company’s stock valued at $921,636,000 after acquiring an additional 95,336 shares in the last quarter. Egerton Capital UK LLP lifted its stake in Canadian Pacific Railway by 14.1% in the 2nd quarter. Egerton Capital UK LLP now owns 3,876,127 shares of the transportation company’s stock valued at $911,820,000 after acquiring an additional 480,354 shares in the last quarter. Veritas Asset Management LLP lifted its stake in Canadian Pacific Railway by 40.4% in the 3rd quarter. Veritas Asset Management LLP now owns 2,452,400 shares of the transportation company’s stock valued at $545,561,000 after acquiring an additional 706,200 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Canadian Pacific Railway by 5.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,716,581 shares of the transportation company’s stock valued at $405,162,000 after acquiring an additional 85,171 shares in the last quarter. Hedge funds and other institutional investors own 67.27% of the company’s stock.

About Canadian Pacific Railway

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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