Canadian Pacific Kansas City Limited (TSE:CP) Expected to Post Q2 2024 Earnings of $1.00 Per Share

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Research analysts at National Bank Financial boosted their Q2 2024 EPS estimates for Canadian Pacific Kansas City in a note issued to investors on Wednesday, June 26th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $1.00 for the quarter, up from their previous forecast of $0.95. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.16 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.33 EPS, FY2024 earnings at $4.37 EPS and FY2025 earnings at $5.17 EPS.

CP has been the topic of a number of other reports. Raymond James boosted their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. National Bankshares set a C$119.00 price target on Canadian Pacific Kansas City and gave the company a “sector perform” rating in a report on Thursday, June 27th. Sanford C. Bernstein lifted their price target on Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Scotiabank dropped their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a “sector perform” rating for the company in a report on Thursday, April 25th. Finally, Royal Bank of Canada boosted their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$120.63.

Canadian Pacific Kansas City Stock Performance

CP opened at C$107.80 on Monday. The firm’s fifty day simple moving average is C$108.90 and its two-hundred day simple moving average is C$111.50. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37. The company has a market cap of C$100.55 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 2.32 and a beta of 0.77. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 51.94.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, April 24th. The company reported C$0.93 EPS for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). The business had revenue of C$3.52 billion for the quarter, compared to analyst estimates of C$3.52 billion. Canadian Pacific Kansas City had a net margin of 28.26% and a return on equity of 9.36%.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is 18.77%.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of C$105.26, for a total value of C$6,307,717.49. In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 3,200 shares of Canadian Pacific Kansas City stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$109.11, for a total transaction of C$349,155.84. Also, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of C$105.26, for a total value of C$6,307,717.49. Over the last ninety days, insiders have sold 208,730 shares of company stock worth $23,468,681. Insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

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.