Canadian Pacific Kansas City (CP) Set to Announce Earnings on Wednesday

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) is set to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Canadian Pacific Kansas City to post earnings of $0.72 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. On average, analysts expect Canadian Pacific Kansas City to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $86.44 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a 50 day moving average price of $87.14 and a two-hundred day moving average price of $79.61. The firm has a market capitalization of $80.62 billion, a P/E ratio of 27.53, a P/E/G ratio of 2.17 and a beta of 0.94. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s payout ratio is currently 17.83%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 price objective for the company. Susquehanna Bancshares lowered Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and reduced their target price for the company from $90.00 to $87.00 in a report on Monday, January 8th. TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Finally, Susquehanna reduced their target price on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Hold” and an average price target of $97.22.

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.