Canadian Pacific Kansas City Limited (NYSE:CP) to Post FY2024 Earnings of $3.16 Per Share, Atb Cap Markets Forecasts

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Analysts at Atb Cap Markets dropped their FY2024 EPS estimates for Canadian Pacific Kansas City in a research report issued to clients and investors on Wednesday, April 24th. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will post earnings per share of $3.16 for the year, down from their prior estimate of $3.27. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.16 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.97 EPS, Q2 2025 earnings at $0.85 EPS and Q4 2025 earnings at $1.12 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%.

Several other equities analysts have also issued reports on the company. Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Evercore ISI reduced their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Bank of America dropped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Stock Down 3.0 %

NYSE:CP opened at $78.43 on Monday. The stock has a market cap of $73.15 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 2.31 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $86.82 and a two-hundred day moving average price of $80.00. Canadian Pacific Kansas City has a 1 year low of $68.92 and a 1 year high of $91.58.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.141 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.95%.

Institutional Trading of Canadian Pacific Kansas City

Large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $979,890,000. TD Asset Management Inc grew its position in Canadian Pacific Kansas City by 47.7% during the fourth quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock worth $1,682,256,000 after buying an additional 6,835,271 shares in the last quarter. Legal & General Group Plc bought a new position in Canadian Pacific Kansas City during the 3rd quarter worth $481,016,000. Sustainable Growth Advisers LP raised its holdings in Canadian Pacific Kansas City by 151.4% in the 3rd quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock valued at $583,917,000 after acquiring an additional 4,726,098 shares in the last quarter. Finally, Causeway Capital Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $305,505,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

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.