National Bank Financial Weighs in on Canadian Pacific Kansas City Limited's Q3 2024 Earnings (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Analysts at National Bank Financial increased their Q3 2024 earnings estimates for Canadian Pacific Kansas City in a report issued on Wednesday, June 26th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $1.11 per share for the quarter, up from their previous forecast of $1.10. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $4.16 per share.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.93 earnings per share for the quarter, missing the consensus estimate of C$0.95 by C($0.02). Canadian Pacific Kansas City had a net margin of 28.26% and a return on equity of 9.36%. The company had revenue of C$3.52 billion for the quarter, compared to analyst estimates of C$3.52 billion.

Other equities analysts have also issued research reports about the stock. National Bankshares set a C$119.00 price objective on shares of Canadian Pacific Kansas City and gave the company a "sector perform" rating in a report on Thursday. ATB Capital upped their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. Raymond James upped their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an "outperform" rating in a report on Monday, April 22nd. Scotiabank lowered their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a "sector perform" rating on the stock in a report on Thursday, April 25th. Finally, CIBC upped their target price on shares of Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the stock an "outperform" rating in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$120.63.

Canadian Pacific Kansas City Stock Down 0.2 %

Shares of TSE CP traded down C$0.26 during trading on Friday, hitting C$107.74. 2,140,301 shares of the company traded hands, compared to its average volume of 1,319,993. The business's fifty day moving average is C$109.44 and its 200 day moving average is C$111.28. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The firm has a market capitalization of C$100.49 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 2.32 and a beta of 0.77. The company has a debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49.

Insider Activity

In other news, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. In other news, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. Also, Senior Officer Jeffrey Ellis sold 21,255 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of C$111.35, for a total transaction of C$2,366,646.48. Insiders sold 208,730 shares of company stock valued at $23,468,681 in the last three months. Company insiders own 0.03% of the company's stock.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City's dividend payout ratio is currently 18.77%.

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.