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

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities research analysts at Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a report issued on Sunday, January 19th. Atb Cap Markets analyst C. Murray now forecasts that the company will earn $4.19 per share for the year, down from their prior forecast 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.

Other equities analysts also recently issued reports about the company. Stephens upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. ATB Capital upped their price target on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Sanford C. Bernstein dropped their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Scotiabank reduced their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price target on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 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 data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$124.23.

Canadian Pacific Kansas City Stock Up 1.3 %

TSE:CP opened at C$111.40 on Tuesday. Canadian Pacific Kansas City has a 52 week low of C$101.76 and a 52 week high of C$123.37. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. The company has a market cap of C$103.95 billion, a P/E ratio of 29.87, a PEG ratio of 2.32 and a beta of 0.79. The business’s 50 day moving average price is C$106.23.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its 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 quarter last year, the business posted $0.92 earnings per share.

Insider Activity

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 51,727 shares of the company’s stock in a transaction dated 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 the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total value of C$1,664,359.45. Insiders have sold 70,284 shares of company stock worth $7,398,669 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, December 27th. This represents a $0.76 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) 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.