FY2024 EPS Estimates for TSE:CP Lowered by Atb Cap Markets

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Atb Cap Markets cut their FY2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a report issued on Wednesday, October 23rd. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $4.23 for the year, down from their previous forecast of $4.29. 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 $1.27 EPS, Q3 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.51 EPS, FY2025 earnings at $5.03 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.39 EPS, Q3 2026 earnings at $1.47 EPS and FY2026 earnings at $5.90 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 EPS for the quarter, topping the consensus estimate of C$1.01 by C$0.04. The company had revenue of C$3.60 billion for the quarter, compared to the consensus estimate 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 analysts have also recently issued reports on the company. National Bankshares increased their target price on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the company a “sector perform” rating in a research report on Thursday. Desjardins reduced their target price on 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. JPMorgan Chase & Co. raised their target price on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Barclays raised their target price on Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$120.93.

Canadian Pacific Kansas City Trading Down 1.5 %

CP opened at C$107.18 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. The company has a market capitalization of C$100.01 billion, a P/E ratio of 28.80, a PEG ratio of 2.32 and a beta of 0.79. The stock’s fifty day moving average is C$112.38 and its two-hundred day moving average is C$111.53. Canadian Pacific Kansas City has a 52 week low of C$94.45 and a 52 week high of C$123.37.

Insider Activity at Canadian Pacific Kansas City

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

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.38%.

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.