Q3 2024 EPS Estimates for Canadian Pacific Kansas City Limited Lowered by Analyst (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Equities research analysts at National Bank Financial dropped their Q3 2024 earnings per share estimates for Canadian Pacific Kansas City in a research report issued on Tuesday, July 30th. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will earn $0.76 per share for the quarter, down from their prior forecast of $0.81. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.95 EPS, FY2024 earnings at $3.13 EPS and FY2025 earnings at $3.72 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter last year, the firm posted $0.62 EPS. The business’s quarterly revenue was up 13.5% compared to the same quarter last year.

Other equities analysts also recently issued reports about the company. Barclays dropped their price target on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Wells Fargo & Company started coverage on Canadian Pacific Kansas City in a research report on Friday, June 7th. They issued an “overweight” rating and a $90.00 target price on the stock. Susquehanna restated a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday. Jefferies Financial Group lowered their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Raymond James boosted their target price on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

Canadian Pacific Kansas City Trading Down 1.9 %

Shares of CP stock opened at $78.81 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58. The stock has a market capitalization of $73.53 billion, a P/E ratio of 25.26, a P/E/G ratio of 2.27 and a beta of 0.96. The firm’s 50 day moving average is $79.80 and its 200 day moving average is $82.76.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a $0.1373 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently modified their holdings of CP. LRI Investments LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter worth approximately $32,000. ORG Partners LLC bought a new position in Canadian Pacific Kansas City in the 2nd quarter valued at $39,000. Independence Bank of Kentucky purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth $43,000. Tobam bought a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $51,000. Finally, Rational Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter valued at $52,000. Hedge funds and other institutional investors own 72.20% 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.