Canadian Pacific Kansas City (CP) Set to Announce Quarterly Earnings on Wednesday

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Canadian Pacific Kansas City to post earnings of C$0.97 per share for the quarter.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.12 by C$0.06. The firm had revenue of C$3.78 billion for the quarter, compared to analysts’ expectations of C$3.66 billion. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%.

Canadian Pacific Kansas City Stock Up 1.7 %

CP stock opened at C$118.41 on Tuesday. The firm has a 50-day moving average price of C$118.28 and a 200-day moving average price of C$107.90. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37. 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 market capitalization of C$110.42 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s payout ratio is 18.05%.

Insider Activity at Canadian Pacific Kansas City

In other news, Senior Officer John Kenneth Brooks sold 27,505 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were 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 John Kenneth Brooks sold 27,505 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total value of C$2,374,638.67. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total value of C$930,859.57. Insiders have sold a total of 97,758 shares of company stock worth $10,774,715 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CP. National Bankshares upped their price target on shares of Canadian Pacific Kansas City from C$112.00 to C$121.00 in a report on Thursday, April 4th. TD Securities upped 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 report on Wednesday, January 31st. Sanford C. Bernstein boosted 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. Stephens raised their price objective on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of C$120.88.

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.