Equities analysts forecast that Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) will report $3.56 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Canadian Pacific Railway’s earnings, with estimates ranging from $3.47 to $3.61. Canadian Pacific Railway posted earnings per share of $3.45 during the same quarter last year, which would indicate a positive year over year growth rate of 3.2%. The firm is expected to issue its next earnings results before the market opens on Wednesday, January 29th.
According to Zacks, analysts expect that Canadian Pacific Railway will report full year earnings of $12.46 per share for the current financial year, with EPS estimates ranging from $12.26 to $12.58. For the next fiscal year, analysts anticipate that the business will post earnings of $13.93 per share, with EPS estimates ranging from $13.39 to $14.49. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Canadian Pacific Railway.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $4.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.41 by $1.20. Canadian Pacific Railway had a net margin of 30.02% and a return on equity of 32.62%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the company posted $4.12 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year.
CP has been the topic of several research reports. Zacks Investment Research cut shares of Canadian Pacific Railway from a “hold” rating to a “sell” rating and set a $227.00 price objective on the stock. in a research report on Monday, October 21st. Bank of America raised shares of Canadian Pacific Railway from a “neutral” rating to a “buy” rating in a report on Tuesday. Royal Bank of Canada reduced their target price on shares of Canadian Pacific Railway from $378.00 to $355.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. ValuEngine lowered shares of Canadian Pacific Railway from a “hold” rating to a “sell” rating in a report on Friday, January 10th. Finally, Loop Capital lowered shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating and set a $340.00 target price on the stock. in a report on Tuesday, December 17th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Canadian Pacific Railway has a consensus rating of “Buy” and an average target price of $280.29.
Shares of Canadian Pacific Railway stock traded up $0.27 on Friday, hitting $261.39. 105,508 shares of the company traded hands, compared to its average volume of 327,182. The firm’s 50-day simple moving average is $252.13 and its 200 day simple moving average is $237.06. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The company has a market cap of $36.17 billion, a P/E ratio of 23.34, a P/E/G ratio of 1.73 and a beta of 1.15. Canadian Pacific Railway has a 12-month low of $191.70 and a 12-month high of $267.63.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.6303 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, December 26th. Canadian Pacific Railway’s payout ratio is 22.68%.
Institutional investors and hedge funds have recently made changes to their positions in the company. KCS Wealth Advisory purchased a new position in Canadian Pacific Railway in the third quarter worth about $36,000. Institutional & Family Asset Management LLC raised its holdings in Canadian Pacific Railway by 33.3% in the second quarter. Institutional & Family Asset Management LLC now owns 240 shares of the transportation company’s stock worth $56,000 after buying an additional 60 shares during the last quarter. First Interstate Bank purchased a new position in Canadian Pacific Railway in the third quarter worth about $67,000. Bartlett & Co. LLC raised its holdings in Canadian Pacific Railway by 12.8% in the third quarter. Bartlett & Co. LLC now owns 389 shares of the transportation company’s stock worth $87,000 after buying an additional 44 shares during the last quarter. Finally, Quest Capital Management Inc. ADV purchased a new position in Canadian Pacific Railway in the third quarter worth about $89,000. 67.42% of the stock is currently owned by hedge funds and other institutional investors.
Canadian Pacific Railway Company Profile
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.
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