Canadian Pacific Kansas City (NYSE:CP) Posts Earnings Results

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP released its quarterly earnings data on Wednesday. The transportation company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02), Briefing.com reports. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same period in the previous year, the firm posted $0.69 EPS. The firm's quarterly revenue was up 6.3% on a year-over-year basis.

Canadian Pacific Kansas City Trading Down 0.4 %

Shares of NYSE CP traded down $0.32 during midday trading on Thursday, reaching $78.51. 3,616,063 shares of the stock were exchanged, compared to its average volume of 2,110,251. The stock has a market capitalization of $73.25 billion, a P/E ratio of 25.16, a PEG ratio of 2.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The company has a 50 day simple moving average of $82.92 and a 200 day simple moving average of $81.50. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.14 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City's dividend payout ratio is 17.31%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Scotiabank upgraded Canadian Pacific Kansas City from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, July 10th. Citigroup increased their target price on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday. Barclays boosted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. Susquehanna raised shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and decreased their price objective for the company from $94.00 to $92.00 in a report on Thursday. Finally, Bank of America dropped their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock 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 company's stock. According to MarketBeat.com, the stock presently 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.