Analysts Set Expectations for TSE:CP FY2024 Earnings

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Atb Cap Markets lowered their FY2024 earnings per share estimates for Canadian Pacific Kansas City in a research note issued on Sunday, January 19th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $4.19 for the year, down from their prior estimate of $4.23. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.22 EPS, Q4 2025 earnings at $1.47 EPS, Q2 2026 earnings at $1.40 EPS, Q3 2026 earnings at $1.44 EPS, Q4 2026 earnings at $1.64 EPS and FY2026 earnings at $5.76 EPS.

CP has been the subject of a number of other reports. National Bankshares increased their price target on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Desjardins decreased their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Sanford C. Bernstein cut their price objective on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Stephens upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Wolfe Research raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$124.23.

Canadian Pacific Kansas City Price Performance

TSE CP opened at C$112.84 on Tuesday. The stock has a market capitalization of C$105.29 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The business’s fifty day moving average is C$106.30 and its two-hundred day moving average is C$109.66. Canadian Pacific Kansas City has a 1 year low of C$101.76 and a 1 year high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported C$0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.01 by C($0.02). Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. During the same period in the prior year, the business earned $0.92 EPS.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Monday, January 27th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is 20.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer Keith E. Creel sold 51,727 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total value of C$5,426,615.01. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total value of C$1,664,359.45. Insiders sold a total of 70,284 shares of company stock worth $7,398,669 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.