3 days Ago By ABMN Staff
Canadian Pacific Kansas City Limited ( NYSE:CP – Free Report ) (TSE:CP) – Stock analysts at National Bank Financial upped their FY2024 earnings estimates for shares of Canadian Pacific Kansas City in a research report issued on Wednesday, September 11th. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will earn $3.
17 per share for the year, up from their previous forecast of $3.13. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.
10 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s FY2025 earnings at $3.77 EPS.
Canadian Pacific Kansas City ( NYSE:CP – Get Free Report ) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.
74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.
45% and a return on equity of 8.77%. The business had revenue of $3.
60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the firm earned $0.
62 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis.
Read Our Latest Analysis on Canadian Pacific Kansas City Canadian Pacific Kansas City Price Performance NYSE CP opened at $86.32 on Monday. The business’s fifty day moving average is $81.
63 and its 200 day moving average is $82.48. Canadian Pacific Kansas City has a fifty-two week low of $68.
92 and a fifty-two week high of $91.58. 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 market capitalization of $80.54 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 2.
45 and a beta of 0.96. Canadian Pacific Kansas City Cuts Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th.
Stockholders of record on Friday, September 27th will be given a dividend of $0.1373 per share. The ex-dividend date of this dividend is Friday, September 27th.
This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.64%.
Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%. Hedge Funds Weigh In On Canadian Pacific Kansas City Institutional investors have recently bought and sold shares of the business.
Norges Bank bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth $979,890,000. TD Asset Management Inc boosted its stake in shares of Canadian Pacific Kansas City by 47.7% during the 4th quarter.
TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock worth $1,682,256,000 after purchasing an additional 6,835,271 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Canadian Pacific Kansas City by 757.9% during the 4th quarter.
DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock valued at $342,191,000 after purchasing an additional 3,801,910 shares during the last quarter. Meritage Group LP purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $207,850,000. Finally, Mirova US LLC bought a new stake in Canadian Pacific Kansas City in the second quarter worth about $168,063,000.
Institutional investors own 72.20% of the company’s stock. Canadian Pacific Kansas City Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter .
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