Q2 2024 Earnings Forecast for Canadian Pacific Kansas City Limited (TSE:CP) Issued By Raymond James

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Analysts at Raymond James dropped their Q2 2024 EPS estimates for Canadian Pacific Kansas City in a research report issued to clients and investors on Thursday, April 25th. Raymond James analyst S. Hansen now forecasts that the company will post earnings per share of $1.01 for the quarter, down from their prior estimate of $1.03. Raymond James has a “Outperform” rating and a $130.00 price objective on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). The company had revenue of C$3.52 billion during the quarter, compared to the consensus estimate of C$3.52 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%.

CP has been the topic of several other reports. Desjardins boosted their price objective on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. CIBC raised their price objective on Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the company an “outperform” rating in a research report on Wednesday, March 27th. TD Securities boosted 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. JPMorgan Chase & Co. increased their price target on Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, ATB Capital lifted their price objective 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 Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$120.63.

Canadian Pacific Kansas City Price Performance

TSE:CP opened at C$111.63 on Friday. 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 firm has a fifty day simple moving average of C$118.24 and a 200 day simple moving average of C$108.25. Canadian Pacific Kansas City has a 1-year low of C$94.45 and a 1-year high of C$123.37. The stock has a market capitalization of C$104.10 billion, a PE ratio of 26.52, a P/E/G ratio of 2.32 and a beta of 0.75.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. In related news, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. Also, Senior Officer Nadeem Velani sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total value of C$123,300.00. Over the last three months, insiders have sold 97,758 shares of company stock valued at $10,774,715. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a $0.19 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 18.05%.

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.