What is Desjardins’ Estimate for TSE:CP FY2024 Earnings?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Stock analysts at Desjardins reduced their FY2024 earnings per share estimates for Canadian Pacific Kansas City in a research report issued on Wednesday, October 23rd. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of $4.26 for the year, down from their previous estimate of $4.29. Desjardins has a “Buy” rating and a $131.00 price target on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. Desjardins also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.28 EPS, FY2025 earnings at $5.02 EPS, FY2026 earnings at $5.91 EPS, FY2027 earnings at $6.86 EPS and FY2028 earnings at $7.75 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, beating the consensus estimate of C$1.01 by C$0.04. The firm had revenue of C$3.60 billion for the quarter, compared to the consensus estimate of C$3.55 billion. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%.

A number of other research firms have also recently commented on CP. Sanford C. Bernstein dropped their price target on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. Susquehanna upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Thursday. ATB Capital upped their target price on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company an “outperform” rating in a research note on Thursday. TD Securities raised their price target on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Barclays upped their price objective on Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of C$121.43.

Canadian Pacific Kansas City Stock Down 1.5 %

TSE CP opened at C$107.18 on Friday. Canadian Pacific Kansas City has a 52 week low of C$94.45 and a 52 week high of C$123.37. The firm has a market capitalization of C$100.01 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. The company has a fifty day moving average of C$112.40 and a two-hundred day moving average of C$111.45.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, December 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.38%.

Insider Activity at Canadian Pacific Kansas City

In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total value of C$436,796.55. 0.03% of the stock is currently owned by corporate insiders.

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.