Analysts expect that Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) will post $2.86 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for Canadian Pacific Railway’s earnings. The lowest EPS estimate is $2.70 and the highest is $2.98. Canadian Pacific Railway posted earnings of $3.21 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 10.9%. The business is expected to report its next earnings report before the market opens on Wednesday, July 22nd.
On average, analysts expect that Canadian Pacific Railway will report full-year earnings of $12.06 per share for the current financial year, with EPS estimates ranging from $11.50 to $13.09. For the next financial year, analysts forecast that the business will post earnings of $13.56 per share, with EPS estimates ranging from $12.65 to $14.51. Zacks’ earnings per share averages 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 announced its earnings results on Tuesday, April 21st. The transportation company reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $1.56. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.96 billion. Canadian Pacific Railway had a net margin of 29.95% and a return on equity of 35.29%. Canadian Pacific Railway’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.79 earnings per share.
A number of equities research analysts have recently weighed in on CP shares. Raymond James upgraded shares of Canadian Pacific Railway from a “market perform” rating to an “outperform” rating in a report on Tuesday, June 23rd. Citigroup upped their price target on shares of Canadian Pacific Railway from $215.00 to $295.00 and gave the company a “buy” rating in a report on Thursday, June 25th. CIBC upped their price target on shares of Canadian Pacific Railway from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Monday, June 15th. TD Securities upped their price target on shares of Canadian Pacific Railway from $345.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Wells Fargo & Co upped their price target on shares of Canadian Pacific Railway from $252.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company’s stock. Canadian Pacific Railway presently has an average rating of “Buy” and an average target price of $306.65.
Shares of CP traded up $1.38 during mid-day trading on Thursday, reaching $251.85. The company’s stock had a trading volume of 13,190 shares, compared to its average volume of 360,808. The stock has a market cap of $33.84 billion, a PE ratio of 19.23, a P/E/G ratio of 2.74 and a beta of 0.95. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 1.41. Canadian Pacific Railway has a 52 week low of $173.26 and a 52 week high of $275.13. The company’s fifty day moving average price is $247.36 and its two-hundred day moving average price is $243.50.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, June 25th. Canadian Pacific Railway’s dividend payout ratio is presently 19.05%.
A number of institutional investors have recently made changes to their positions in CP. Arden Trust Co bought a new position in Canadian Pacific Railway in the 1st quarter worth about $27,000. Sailer Financial LLC bought a new position in Canadian Pacific Railway during the 4th quarter valued at about $28,000. Ameritas Investment Company LLC bought a new position in Canadian Pacific Railway during the 1st quarter valued at about $40,000. Lindbrook Capital LLC lifted its stake in Canadian Pacific Railway by 33.3% during the 1st quarter. Lindbrook Capital LLC now owns 204 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 51 shares during the period. Finally, Firestone Capital Management bought a new position in Canadian Pacific Railway during the 4th quarter valued at about $51,000. Institutional investors own 69.36% of the company’s stock.
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.
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