Canadian Pacific Kansas City (NYSE:CP) Releases Earnings Results, Misses Estimates By $0.02 EPS

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) posted its quarterly earnings data on Wednesday. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02), Briefing.com reports. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share.

Canadian Pacific Kansas City Stock Down 1.8 %

Shares of NYSE CP traded down $1.41 during mid-day trading on Friday, reaching $77.10. 1,775,217 shares of the company’s stock traded hands, compared to its average volume of 2,108,632. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. Canadian Pacific Kansas City has a 1-year low of $69.07 and a 1-year high of $91.58. The stock has a market cap of $71.94 billion, a P/E ratio of 24.79, a PEG ratio of 2.21 and a beta of 0.96. The business has a 50-day simple moving average of $82.90 and a 200 day simple moving average of $81.48.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.31%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Bank of America decreased their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday. Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays increased their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Evercore ISI upped their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $97.78.

Canadian Pacific Kansas City Company Profile

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.