Raymond James Has Pessimistic Outlook of TSE:CP Q3 Earnings

Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Investment analysts at Raymond James reduced their Q3 2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a report released on Wednesday, October 16th. Raymond James analyst S. Hansen now expects that the company will post earnings per share of $1.01 for the quarter, down from their prior estimate of $1.05. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $4.34 per share. Raymond James also issued estimates for Canadian Pacific Kansas City's FY2024 earnings at $4.25 EPS and FY2025 earnings at $5.10 EPS.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last announced its earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, beating analysts' consensus estimates of C$1.01 by C$0.04. The business had revenue of C$3.60 billion during the quarter, compared to analyst estimates of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%.

Several other equities analysts also recently weighed in on CP. Scotiabank upgraded Canadian Pacific Kansas City from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. Desjardins lifted their price objective on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Barclays increased their target price on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Sanford C. Bernstein lowered their price target on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Finally, Citigroup set a C$97.00 price objective on shares of Canadian Pacific Kansas City and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average price target of C$121.13.

Canadian Pacific Kansas City Stock Performance

Shares of TSE CP traded down C$1.48 during midday trading on Friday, hitting C$110.57. 1,741,966 shares of the company's stock traded hands, compared to its average volume of 1,307,328. The firm has a fifty day moving average of C$112.18 and a 200 day moving average of C$111.81. Canadian Pacific Kansas City has a 1 year low of C$94.45 and a 1 year high of C$123.37. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The stock has a market capitalization of C$103.18 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the firm's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total value of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of Canadian Pacific Kansas City stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. 0.03% of the stock is currently owned by insiders.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, October 28th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City's dividend payout ratio is presently 20.38%.

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.