Q4 2024 Earnings Forecast for Canadian Pacific Kansas City Limited (NYSE:CP) Issued By Atb Cap Markets

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Analysts at Atb Cap Markets cut their Q4 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research note issued on Monday, October 14th. Atb Cap Markets analyst C. Murray now expects that the transportation company will post earnings of $0.95 per share for the quarter, down from their prior forecast of $0.97. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q1 2025 earnings at $0.80 EPS, Q1 2026 earnings at $0.95 EPS, Q2 2026 earnings at $1.02 EPS, Q3 2026 earnings at $1.11 EPS and FY2026 earnings at $4.40 EPS.

Several other analysts also recently weighed in on CP. Barclays boosted 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. Sanford C. Bernstein reduced their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Stifel Nicolaus reduced their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Finally, Citigroup assumed coverage on Canadian Pacific Kansas City in a report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $97.90.

Canadian Pacific Kansas City Stock Up 0.7 %

Canadian Pacific Kansas City stock opened at $81.98 on Wednesday. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The company has a market capitalization of $76.49 billion, a P/E ratio of 26.28, a PEG ratio of 2.21 and a beta of 0.96. The stock has a 50-day simple moving average of $82.73 and a 200-day simple moving average of $81.77.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. Canadian Pacific Kansas City’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 EPS.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be given a dividend of $0.1373 per share. This represents a $0.55 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is 17.31%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently added to or reduced their stakes in CP. Trust Co. of Vermont grew its holdings in shares of Canadian Pacific Kansas City by 4.7% in the 3rd quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock worth $260,000 after acquiring an additional 135 shares during the period. Walter Public Investments Inc. grew its holdings in shares of Canadian Pacific Kansas City by 12.5% in the 3rd quarter. Walter Public Investments Inc. now owns 241,156 shares of the transportation company’s stock worth $20,611,000 after acquiring an additional 26,883 shares during the period. McCollum Christoferson Group LLC grew its holdings in shares of Canadian Pacific Kansas City by 0.9% in the 3rd quarter. McCollum Christoferson Group LLC now owns 61,150 shares of the transportation company’s stock worth $5,236,000 after acquiring an additional 567 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of Canadian Pacific Kansas City by 13.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 5,227 shares of the transportation company’s stock worth $447,000 after acquiring an additional 639 shares during the period. Finally, Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.