Canadian Pacific Kansas City Limited to Post Q2 2024 Earnings of $1.00 Per Share, National Bank Financial Forecasts (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Stock analysts at National Bank Financial upped their Q2 2024 earnings per share (EPS) estimates for Canadian Pacific Kansas City in a research report issued on Wednesday, June 26th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $1.00 per share for the quarter, up from their previous estimate 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.

Several other equities analysts have also commented on CP. BMO Capital Markets increased their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday, April 8th. Sanford C. Bernstein upped their price target on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a report on Monday, April 15th. Scotiabank decreased their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 25th. ATB Capital upped their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, Desjardins lifted their price objective on Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$120.63.

Canadian Pacific Kansas City Stock Performance

TSE CP opened at C$107.80 on Monday. The company has a fifty day moving average of C$108.90 and a 200-day moving average of 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 debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49. The company has a market capitalization of C$100.55 billion, a P/E ratio of 26.62, a P/E/G ratio of 2.32 and a beta of 0.77.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly 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 company had revenue of C$3.52 billion during the quarter, compared to analysts’ expectations of C$3.52 billion. Canadian Pacific Kansas City had a return on equity of 9.36% and a net margin of 28.26%.

Insiders Place Their Bets

In other news, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of C$105.26, for a total transaction of C$6,307,717.49. In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of C$105.26, for a total value of C$6,307,717.49. Also, Senior Officer Jeffrey Ellis sold 21,255 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of C$111.35, for a total transaction of C$2,366,646.48. In the last 90 days, insiders sold 208,730 shares of company stock valued at $23,468,681. 0.03% of the stock is owned by insiders.

Canadian Pacific Kansas City Dividend Announcement

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

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.