Brokerages expect Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) to announce $1.43 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Canadian Pacific Railway’s earnings. The lowest sales estimate is $1.41 billion and the highest is $1.45 billion. Canadian Pacific Railway reported sales of $1.33 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 7.5%. The business is expected to report its next earnings results on Tuesday, April 28th.
On average, analysts expect that Canadian Pacific Railway will report full-year sales of $6.30 billion for the current financial year, with estimates ranging from $6.19 billion to $6.40 billion. For the next year, analysts forecast that the company will post sales of $6.58 billion, with estimates ranging from $6.50 billion to $6.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Canadian Pacific Railway.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 29th. The transportation company reported $4.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.55 by $1.22. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.02 billion. Canadian Pacific Railway had a return on equity of 32.44% and a net margin of 31.31%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.55 EPS.
A number of research analysts have recently issued reports on CP shares. Loop Capital downgraded Canadian Pacific Railway from a “buy” rating to a “hold” rating and set a $340.00 price objective on the stock. in a research note on Tuesday, December 17th. They noted that the move was a valuation call. National Bank Financial dropped their price objective on Canadian Pacific Railway from $328.00 to $322.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 24th. UBS Group boosted their price objective on Canadian Pacific Railway from $349.00 to $397.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Bank of America boosted their price objective on Canadian Pacific Railway from $294.00 to $299.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Raymond James reissued an “outperform” rating and issued a $340.00 price objective on shares of Canadian Pacific Railway in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $296.16.
Shares of NYSE:CP traded down $2.58 during midday trading on Tuesday, reaching $270.95. The company’s stock had a trading volume of 176,900 shares, compared to its average volume of 364,700. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.88 and a beta of 1.11. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 0.57. The firm has a 50 day moving average price of $262.18 and a two-hundred day moving average price of $240.83. Canadian Pacific Railway has a fifty-two week low of $199.33 and a fifty-two week high of $275.13.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a $0.6292 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, March 26th. Canadian Pacific Railway’s dividend payout ratio is presently 20.50%.
Hedge funds have recently added to or reduced their stakes in the company. AE Wealth Management LLC grew its holdings in Canadian Pacific Railway by 0.7% during the fourth quarter. AE Wealth Management LLC now owns 5,713 shares of the transportation company’s stock valued at $1,457,000 after purchasing an additional 39 shares during the period. First Allied Advisory Services Inc. lifted its position in shares of Canadian Pacific Railway by 3.4% during the fourth quarter. First Allied Advisory Services Inc. now owns 1,317 shares of the transportation company’s stock worth $337,000 after acquiring an additional 43 shares in the last quarter. Bartlett & Co. LLC lifted its position in shares of Canadian Pacific Railway by 12.8% during the third quarter. Bartlett & Co. LLC now owns 389 shares of the transportation company’s stock worth $87,000 after acquiring an additional 44 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Canadian Pacific Railway by 1.9% during the fourth quarter. Park Avenue Securities LLC now owns 2,498 shares of the transportation company’s stock worth $637,000 after acquiring an additional 47 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Canadian Pacific Railway by 1.7% during the third quarter. Oppenheimer & Co. Inc. now owns 3,040 shares of the transportation company’s stock worth $676,000 after acquiring an additional 50 shares in the last quarter. 67.80% of the stock is owned by institutional investors.
About Canadian Pacific Railway
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.
Further Reading: Cost of Goods Sold (COGS)
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