Canadian Pacific Kansas City (NYSE:CP) Posts Earnings Results, Misses Estimates By $0.02 EPS

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) issued its quarterly earnings results on Wednesday. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02), Briefing.com reports. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share.

Canadian Pacific Kansas City Stock Down 1.2 %

CP stock traded down $0.94 during mid-day trading on Thursday, hitting $77.89. 1,926,009 shares of the company were exchanged, compared to its average volume of 2,102,047. The firm has a market cap of $72.68 billion, a P/E ratio of 25.00, a P/E/G ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City has a 1-year low of $68.92 and a 1-year high of $91.58. The firm’s 50 day simple moving average is $82.92 and its 200 day simple moving average is $81.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a $0.14 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.31%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Barclays increased their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Jefferies Financial Group decreased their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Bank of America cut their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.72.

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.