Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) announced its quarterly earnings data on Wednesday. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02), Briefing.com reports. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS.
Canadian Pacific Kansas City Stock Performance
NYSE:CP traded down $1.40 during trading hours on Friday, reaching $77.11. 1,775,301 shares of the company’s stock were exchanged, compared to its average volume of 2,108,632. Canadian Pacific Kansas City has a 1-year low of $69.07 and a 1-year high of $91.58. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $71.95 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 2.21 and a beta of 0.96. The company has a 50-day moving average of $82.86 and a 200 day moving average of $81.40.
Canadian Pacific Kansas City Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is presently 17.95%.
Analysts Set New Price Targets
View Our Latest Report on Canadian Pacific Kansas City
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.
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