Canadian Pacific Kansas City (NYSE:CP) Issues Quarterly Earnings Results

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) announced its 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 during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP traded down $1.40 on Friday, reaching $77.11. 1,775,301 shares of the company’s stock were exchanged, compared to its average volume of 2,108,632. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average is $82.90 and its two-hundred day moving average is $81.48. Canadian Pacific Kansas City has a fifty-two week low of $69.07 and a fifty-two week high of $91.58. The firm has a market capitalization of $71.95 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CP shares. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Jefferies Financial Group dropped their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Barclays boosted their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Citigroup lifted their price objective on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $97.78.

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.