Zacks: Analysts Anticipate Canadian Pacific Railway Ltd (NYSE:CP) to Announce $3.05 Earnings Per Share

Analysts expect Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) to post $3.05 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Canadian Pacific Railway’s earnings, with the lowest EPS estimate coming in at $2.85 and the highest estimate coming in at $3.17. Canadian Pacific Railway posted earnings of $2.45 per share during the same quarter last year, which suggests a positive year over year growth rate of 24.5%. The business is scheduled to report its next earnings results on Wednesday, July 17th.

According to Zacks, analysts expect that Canadian Pacific Railway will report full year earnings of $12.28 per share for the current year, with EPS estimates ranging from $12.02 to $12.53. For the next financial year, analysts anticipate that the business will report earnings of $13.84 per share, with EPS estimates ranging from $13.44 to $14.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Canadian Pacific Railway.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.54. Canadian Pacific Railway had a return on equity of 30.52% and a net margin of 27.45%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the company earned $2.70 EPS. Canadian Pacific Railway’s revenue for the quarter was up 6.3% compared to the same quarter last year.

Several equities analysts recently issued reports on CP shares. Argus raised their price target on Canadian Pacific Railway from $230.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Deutsche Bank cut their price objective on Canadian Pacific Railway from $248.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Zacks Investment Research upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating and set a $221.00 price objective on the stock in a research report on Thursday, February 14th. Desjardins lowered Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Macquarie reiterated a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Canadian Pacific Railway presently has an average rating of “Buy” and an average target price of $230.77.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CP. Vanguard Group Inc boosted its position in shares of Canadian Pacific Railway by 2.7% during the third quarter. Vanguard Group Inc now owns 3,671,523 shares of the transportation company’s stock valued at $778,143,000 after purchasing an additional 96,728 shares in the last quarter. CWM LLC boosted its position in shares of Canadian Pacific Railway by 186.2% during the fourth quarter. CWM LLC now owns 166 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 108 shares in the last quarter. GWM Advisors LLC boosted its position in shares of Canadian Pacific Railway by 36.3% during the fourth quarter. GWM Advisors LLC now owns 1,849 shares of the transportation company’s stock valued at $328,000 after purchasing an additional 492 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Canadian Pacific Railway by 5.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 3,151 shares of the transportation company’s stock valued at $559,000 after purchasing an additional 161 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Canadian Pacific Railway by 13.5% during the fourth quarter. D.A. Davidson & CO. now owns 4,518 shares of the transportation company’s stock valued at $802,000 after purchasing an additional 536 shares in the last quarter. Institutional investors own 67.70% of the company’s stock.

CP traded down $2.54 on Monday, hitting $232.09. 381,400 shares of the company were exchanged, compared to its average volume of 470,599. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.76 and a quick ratio of 0.66. Canadian Pacific Railway has a 12 month low of $167.48 and a 12 month high of $237.21. The firm has a market cap of $32.81 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 1.69 and a beta of 1.10.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.6174 per share. The ex-dividend date is Thursday, June 27th. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.49. This represents a $2.47 annualized dividend and a dividend yield of 1.06%. Canadian Pacific Railway’s payout ratio is currently 17.41%.

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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