Q2 2024 EPS Estimates for Canadian Pacific Kansas City Limited (TSE:CP) Cut by Raymond James

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities researchers at Raymond James reduced their Q2 2024 earnings per share estimates for Canadian Pacific Kansas City in a note issued to investors on Monday, April 22nd. Raymond James analyst S. Hansen now anticipates that the company will earn $1.03 per share for the quarter, down from their previous forecast of $1.10. Raymond James currently has a “Outperform” rating and a $130.00 target price on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q3 2024 earnings at $1.10 EPS, Q4 2024 earnings at $1.28 EPS and FY2025 earnings at $5.15 EPS.

CP has been the subject of several other reports. National Bankshares dropped their price target on Canadian Pacific Kansas City from C$121.00 to C$119.00 and set a “sector perform” rating for the company in a research note on Thursday. Sanford C. Bernstein upped their price target on Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. upped their price target on Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Desjardins increased their target price on Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Scotiabank lowered their target price on Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a “sector perform” rating for the company in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of C$120.63.

Canadian Pacific Kansas City Stock Performance

TSE CP opened at C$112.14 on Wednesday. The business’s 50-day moving average price is C$118.31 and its 200 day moving average price is C$108.10. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37. The company has a market capitalization of C$104.58 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share for the quarter, missing the consensus estimate of C$0.95 by C($0.02). Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The business had revenue of C$3.52 billion for the quarter, compared to analysts’ expectations of C$3.52 billion.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.05%.

Insider Buying and Selling

In related news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total value of C$930,859.57. In related news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total value of C$930,859.57. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total value of C$2,374,638.67. In the last 90 days, insiders have sold 97,758 shares of company stock valued at $10,774,715. Insiders own 0.03% of the company’s stock.

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.