FY2024 Earnings Forecast for Canadian Pacific Kansas City Limited Issued By Atb Cap Markets (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Research analysts at Atb Cap Markets cut their FY2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a report released on Monday, October 14th. Atb Cap Markets analyst C. Murray now forecasts that the company will earn $4.29 per share for the year, down from their previous estimate of $4.34. 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 Q1 2025 earnings at $1.08 EPS, Q2 2025 earnings at $1.20 EPS, Q1 2026 earnings at $1.28 EPS, Q2 2026 earnings at $1.38 EPS, Q3 2026 earnings at $1.50 EPS and FY2026 earnings at $5.95 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, beating the consensus estimate of C$1.01 by C$0.04. The company had revenue of C$3.60 billion during the quarter, compared to analysts’ expectations of C$3.55 billion. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. National Bankshares set a C$119.00 price objective on Canadian Pacific Kansas City and gave the stock a “sector perform” rating in a report on Thursday, June 27th. Barclays raised their target price on Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. Finally, Citigroup set a C$97.00 target price on Canadian Pacific Kansas City and gave the company a “buy” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$121.13.

Canadian Pacific Kansas City Trading Up 0.4 %

Shares of CP stock opened at C$112.72 on Wednesday. Canadian Pacific Kansas City has a 1-year low of C$94.45 and a 1-year high of C$123.37. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42. The business has a 50-day moving average of C$112.13 and a 200 day moving average of C$111.86. The stock has a market capitalization of C$105.18 billion, a PE ratio of 30.22, a P/E/G ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, October 28th were paid a $0.19 dividend. The ex-dividend date was Friday, September 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 (DPR) is currently 20.38%.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of Canadian Pacific Kansas City stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. Company insiders own 0.03% 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.