Research Analysts Offer Predictions for Canadian Pacific Kansas City Limited’s Q2 2024 Earnings (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CPFree Report) (NYSE:CP) – Research analysts at Desjardins lifted their Q2 2024 earnings estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Monday, July 8th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $0.96 per share for the quarter, up from their prior estimate of $0.94. Desjardins has a “Buy” rating and a $130.00 price objective on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.16 per share. Desjardins also issued estimates for Canadian Pacific Kansas City’s FY2025 earnings at $5.12 EPS, FY2026 earnings at $5.99 EPS and FY2027 earnings at $6.87 EPS.

CP has been the subject of a number of other reports. ATB Capital upped their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Barclays upped their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. National Bankshares set a C$119.00 price target on shares of Canadian Pacific Kansas City and gave the stock a “sector perform” rating in a research report on Thursday, June 27th. Royal Bank of Canada boosted their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. Finally, Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$124.00 to C$130.00 in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$121.25.

Check Out Our Latest Stock Analysis on Canadian Pacific Kansas City

Canadian Pacific Kansas City Price Performance

Shares of TSE CP opened at C$110.60 on Tuesday. The firm has a market cap of C$103.16 billion, a PE ratio of 27.31, a PEG ratio of 2.32 and a beta of 0.77. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 51.94. Canadian Pacific Kansas City has a 1-year low of C$94.45 and a 1-year high of C$123.37. The company has a fifty day moving average price of C$108.58 and a 200 day moving average price of C$111.73.

Canadian Pacific Kansas City (TSE:CPGet Free Report) (NYSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.95 by C($0.02). The firm had revenue of C$3.52 billion during the quarter, compared to analyst estimates of C$3.52 billion. Canadian Pacific Kansas City had a net margin of 28.26% and a return on equity of 9.36%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of C$105.26, for a total value of C$6,307,717.49. In other Canadian Pacific Kansas City news, Senior Officer Jeffrey Ellis sold 21,255 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$111.35, for a total value of C$2,366,646.48. Also, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of C$105.26, for a total transaction of C$6,307,717.49. Insiders sold 148,805 shares of company stock valued at $16,305,989 over the last quarter. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.77%.

About Canadian Pacific Kansas City

(Get Free Report)

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.

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Earnings History and Estimates for Canadian Pacific Kansas City (TSE:CP)

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