$3.17 EPS Expected for Canadian Pacific Railway Limited (CP) This Quarter

Brokerages forecast that Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) will report $3.17 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Canadian Pacific Railway’s earnings, with the lowest EPS estimate coming in at $3.03 and the highest estimate coming in at $3.26. Canadian Pacific Railway reported earnings of $2.54 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 24.8%. The business is expected to issue its next earnings report on Thursday, January 17th.

On average, analysts expect that Canadian Pacific Railway will report full year earnings of $10.83 per share for the current fiscal year, with EPS estimates ranging from $10.71 to $11.04. For the next year, analysts expect that the company will post earnings of $12.42 per share, with EPS estimates ranging from $12.15 to $12.81. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Canadian Pacific Railway.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Thursday, October 18th. The transportation company reported $4.12 EPS for the quarter, beating the Zacks’ consensus estimate of $3.16 by $0.96. Canadian Pacific Railway had a net margin of 34.07% and a return on equity of 28.71%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the business earned $2.90 EPS. Canadian Pacific Railway’s quarterly revenue was up 19.0% on a year-over-year basis.

A number of research analysts have issued reports on the stock. Citigroup restated a “buy” rating and set a $260.00 target price (up previously from $242.00) on shares of Canadian Pacific Railway in a research report on Friday, October 5th. National Bank Financial upgraded shares of Canadian Pacific Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 18th. Stifel Nicolaus increased their target price on shares of Canadian Pacific Railway from $207.00 to $247.00 and gave the stock a “hold” rating in a research report on Sunday, October 7th. Barclays restated a “buy” rating and set a $235.00 target price on shares of Canadian Pacific Railway in a research report on Wednesday, September 26th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Canadian Pacific Railway in a research report on Friday, October 5th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $236.92.

Several institutional investors have recently modified their holdings of the company. WCM Investment Management CA lifted its holdings in shares of Canadian Pacific Railway by 8.0% during the 3rd quarter. WCM Investment Management CA now owns 4,693,885 shares of the transportation company’s stock worth $994,823,000 after acquiring an additional 348,114 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Canadian Pacific Railway by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,671,523 shares of the transportation company’s stock worth $778,143,000 after acquiring an additional 96,728 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of Canadian Pacific Railway by 1.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,327,729 shares of the transportation company’s stock worth $609,041,000 after acquiring an additional 55,083 shares during the period. Egerton Capital UK LLP lifted its holdings in shares of Canadian Pacific Railway by 24.4% during the 2nd quarter. Egerton Capital UK LLP now owns 2,792,805 shares of the transportation company’s stock worth $511,139,000 after acquiring an additional 548,467 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Canadian Pacific Railway by 4.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,678,639 shares of the transportation company’s stock worth $355,771,000 after acquiring an additional 73,098 shares during the period. 64.74% of the stock is owned by institutional investors.

CP traded up $1.07 on Friday, reaching $211.54. The company had a trading volume of 667,009 shares, compared to its average volume of 578,299. Canadian Pacific Railway has a fifty-two week low of $166.36 and a fifty-two week high of $224.19. The firm has a market cap of $30.01 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.49 and a beta of 0.93. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.58 and a current ratio of 0.68.

About Canadian Pacific Railway

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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Earnings History and Estimates for Canadian Pacific Railway (NYSE:CP)

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