Brokers Set Expectations for Canadian Pacific Kansas City Limited’s Q3 2024 Earnings (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Stock analysts at National Bank Financial dropped their Q3 2024 earnings per share (EPS) estimates for Canadian Pacific Kansas City in a note issued to investors on Wednesday, September 11th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $1.03 per share for the quarter, down from their prior forecast of $1.05. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $5.27 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $4.29 EPS and FY2025 earnings at $5.09 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results 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 firm had revenue of C$3.60 billion during 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 brokerages also recently commented on CP. National Bankshares set a C$119.00 target price on Canadian Pacific Kansas City and gave the stock a “sector perform” rating in a research note on Thursday, June 27th. Desjardins upped their price objective on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. ATB Capital upped their price objective on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, TD Securities upped their price objective on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$123.87.

Canadian Pacific Kansas City Stock Up 0.9 %

Shares of TSE CP opened at C$117.83 on Friday. 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$109.95 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37. The stock has a 50-day moving average price of C$111.36 and a two-hundred day moving average price of C$112.67.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer Nadeem Velani sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$109.11, for a total value of C$349,155.84. In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 3,200 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$109.11, for a total transaction of C$349,155.84. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total value of C$436,796.55. Insiders have sold 90,305 shares of company stock worth $9,690,094 over the last ninety days. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, October 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is presently 20.38%.

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.