Equities Analysts Offer Predictions for CP FY2024 Earnings

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Research analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research note issued on Tuesday, December 3rd. National Bank Financial analyst C. Doerksen now forecasts that the transportation company will earn $3.01 per share for the year, down from their prior forecast of $3.07. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.06 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.90 EPS, Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.85 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $1.04 EPS, FY2025 earnings at $3.53 EPS and FY2026 earnings at $3.98 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share.

Other equities analysts have also issued reports about the company. Bank of America reduced their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Sanford C. Bernstein reduced their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Barclays increased their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and reduced their price target for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.88.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $76.36 on Thursday. The firm has a market capitalization of $71.27 billion, a P/E ratio of 27.27, a P/E/G ratio of 2.24 and a beta of 0.96. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock’s 50-day simple moving average is $78.50 and its two-hundred day simple moving average is $80.09. Canadian Pacific Kansas City has a twelve month low of $72.22 and a twelve month high of $91.58.

Institutional Trading of Canadian Pacific Kansas City

Several large investors have recently modified their holdings of the company. Grove Bank & Trust boosted its stake in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares during the period. Addison Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after acquiring an additional 279 shares during the period. FSA Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $34,000. Chris Bulman Inc bought a new position in shares of Canadian Pacific Kansas City in the second quarter worth about $35,000. Finally, Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $38,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is currently 20.00%.

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.