Brokerages Expect Canadian Pacific Railway Limited (NYSE:CP) Will Post Quarterly Sales of $1.77 Billion

Wall Street analysts expect that Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) will post $1.77 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Canadian Pacific Railway’s earnings. The highest sales estimate is $1.87 billion and the lowest is $1.71 billion. Canadian Pacific Railway posted sales of $1.54 billion during the same quarter last year, which indicates a positive year over year growth rate of 14.9%. The business is expected to report its next quarterly earnings results on Wednesday, January 26th.

On average, analysts expect that Canadian Pacific Railway will report full year sales of $6.54 billion for the current year, with estimates ranging from $6.47 billion to $6.65 billion. For the next financial year, analysts anticipate that the firm will post sales of $6.95 billion, with estimates ranging from $6.82 billion to $7.07 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Canadian Pacific Railway.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, October 19th. The transportation company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.06). The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. Canadian Pacific Railway had a return on equity of 30.63% and a net margin of 39.34%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS.

CP has been the topic of a number of research analyst reports. Scotiabank reduced their target price on Canadian Pacific Railway from C$110.00 to C$105.00 and set an “outperform” rating on the stock in a research note on Thursday, October 7th. CIBC increased their target price on Canadian Pacific Railway from C$105.00 to C$106.00 and gave the company an “outperform” rating in a research note on Thursday, July 29th. Zacks Investment Research raised Canadian Pacific Railway from a “sell” rating to a “hold” rating and set a $82.00 target price on the stock in a research note on Tuesday, November 16th. Royal Bank of Canada reduced their target price on Canadian Pacific Railway from C$116.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Thursday, October 21st. Finally, Atlantic Securities initiated coverage on Canadian Pacific Railway in a research note on Tuesday, November 16th. They issued an “overweight” rating and a $111.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $91.86.

Several institutional investors have recently bought and sold shares of CP. Royal Bank of Canada lifted its holdings in Canadian Pacific Railway by 389.8% in the second quarter. Royal Bank of Canada now owns 38,873,677 shares of the transportation company’s stock worth $2,989,773,000 after buying an additional 30,937,349 shares during the period. FMR LLC lifted its holdings in Canadian Pacific Railway by 373.0% in the second quarter. FMR LLC now owns 34,592,295 shares of the transportation company’s stock worth $2,660,042,000 after buying an additional 27,278,434 shares during the period. WCM Investment Management LLC lifted its holdings in Canadian Pacific Railway by 407.2% in the second quarter. WCM Investment Management LLC now owns 31,907,705 shares of the transportation company’s stock worth $2,454,022,000 after buying an additional 25,616,834 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Canadian Pacific Railway by 603.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 19,608,732 shares of the transportation company’s stock worth $1,508,108,000 after buying an additional 16,820,740 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Canadian Pacific Railway by 395.5% in the second quarter. Vanguard Group Inc. now owns 20,101,371 shares of the transportation company’s stock worth $1,545,995,000 after buying an additional 16,044,325 shares during the period. Institutional investors own 69.61% of the company’s stock.

Shares of Canadian Pacific Railway stock traded down $0.51 during trading on Friday, hitting $74.69. The stock had a trading volume of 1,591,171 shares, compared to its average volume of 3,372,108. The firm has a market cap of $49.82 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 2.63 and a beta of 0.90. Canadian Pacific Railway has a 12 month low of $64.19 and a 12 month high of $83.07. The business’s 50-day moving average is $72.24 and its 200 day moving average is $74.22. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.85.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 31st. Stockholders of record on Friday, December 31st will be issued a dividend of $0.1536 per share. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.15. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, December 30th. Canadian Pacific Railway’s dividend payout ratio is currently 16.25%.

About Canadian Pacific Railway

Canadian Pacific Railway Ltd. operates as a holding company, which engages in the provision of rail service. It offers a suite of freight transportation services, logistics solutions and supply chain expertise. The company was founded in 1881 and is headquartered in Calgary, Canada.

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Earnings History and Estimates for Canadian Pacific Railway (NYSE:CP)

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