Atb Cap Markets Has Negative Outlook for CP FY2024 Earnings

Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP - Analysts at Atb Cap Markets cut their FY2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Wednesday, October 23rd. Atb Cap Markets analyst C. Murray now anticipates that the transportation company will post earnings per share of $3.05 for the year, down from their prior estimate of $3.17. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $3.20 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City's Q2 2025 earnings at $0.86 EPS, Q3 2025 earnings at $0.89 EPS and FY2025 earnings at $3.62 EPS.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business earned $0.69 EPS. Canadian Pacific Kansas City's revenue for the quarter was up 6.3% compared to the same quarter last year.

Other equities analysts also recently issued reports about the stock. Scotiabank raised shares of Canadian Pacific Kansas City from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, July 10th. Susquehanna raised shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and decreased their target price for the stock from $94.00 to $92.00 in a research note on Thursday. Stephens dropped their price target on Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating for the company in a research report on Monday. Jefferies Financial Group reduced their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. Finally, Stifel Nicolaus cut their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a research note on Friday, October 11th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.15.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded up $0.80 during mid-day trading on Monday, hitting $77.91. 2,388,527 shares of the stock were exchanged, compared to its average volume of 2,108,422. The company has a market cap of $72.69 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City has a 52-week low of $69.08 and a 52-week high of $91.58. 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 firm has a fifty day moving average of $82.83 and a 200 day moving average of $81.24.

Institutional Trading of Canadian Pacific Kansas City

A number of large investors have recently modified their holdings of the stock. Grove Bank & Trust boosted its stake in shares of Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock valued at $31,000 after buying an additional 130 shares during the period. LRI Investments LLC purchased a new position in Canadian Pacific Kansas City in the first quarter worth approximately $32,000. Chris Bulman Inc acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $35,000. Asset Dedication LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $38,000. Finally, ORG Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Increases Dividend

The firm 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 dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. 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. Canadian Pacific Kansas City's dividend payout ratio is currently 17.95%.

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.