Canadian Pacific Kansas City (CP) Scheduled to Post Earnings on Wednesday

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Canadian Pacific Kansas City to post earnings of $0.75 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the previous year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. 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 Price Performance

Shares of CP opened at $78.77 on Tuesday. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The stock’s 50 day moving average is $82.86 and its two-hundred day moving average is $81.58. The firm has a market capitalization of $73.50 billion, a PE ratio of 25.25, a P/E/G ratio of 2.21 and a beta of 0.96. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.31%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CP shares. Citigroup started coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 9th. They set a “buy” rating and a $97.00 price target for the company. Jefferies Financial Group reduced their price target on shares of 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. Evercore ISI lifted their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Finally, Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.90.

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.