Canadian Pacific Kansas City (TSE:CP) Issues Earnings Results

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) posted its quarterly earnings results on Wednesday. The company reported C$1.27 earnings per share (EPS) for the quarter, FiscalAI reports. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The firm had revenue of C$4.16 billion during the quarter.

Canadian Pacific Kansas City Stock Performance

Shares of TSE CP opened at C$123.31 on Friday. The stock has a market cap of C$109.47 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a 1 year low of C$96.50 and a 1 year high of C$131.89. The firm has a fifty day moving average price of C$125.31 and a 200-day moving average price of C$116.24. The company has a debt-to-equity ratio of 52.35, a current ratio of 0.67 and a quick ratio of 0.42.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were paid a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.36%.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent analyst reports. Raymond James Financial increased their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank Of Canada upped their price objective on Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the company an “outperform” rating in a research report on Thursday. Scotiabank increased their target price on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 16th. TD boosted their price target on Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, BMO Capital Markets upped their price target on Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$134.36.

Key Canadian Pacific Kansas City News

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Broad analyst optimism: JPMorgan raised its target to C$153 from C$135, the highest target in the group, implying approximately 24.8% upside. TD also lifted its target to C$134 but maintained a “hold” rating. BayStreet.CA analyst ratings
• Positive Sentiment: Multiple outperform and buy ratings: National Bank Financial raised its target to C$140 and assigned “outperform”; RBC increased its target to C$145 and maintained “outperform”; Raymond James raised its target to C$144 and assigned “outperform”; ATB Cormark lifted its target to C$143 and assigned “outperform”; Desjardins raised its target to C$143 with a “buy” rating; and BMO increased its target to C$145 with an “outperform” rating. These targets imply roughly 14% to 18% upside. BayStreet.CA analyst ratings
• Neutral Sentiment: Quarterly results released: Canadian Pacific Kansas City reported C$1.27 in EPS and C$4.16 billion in quarterly revenue, along with a 27.03% net margin and 8.78% return on equity. The available report does not provide analyst estimates or year-over-year comparisons, making the immediate earnings impact difficult to assess. MarketBeat Canadian Pacific Kansas City earnings report

Insider Buying and Selling

In other news, insider James Dominic Luther Clements sold 21,035 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of C$125.68, for a total value of C$2,643,678.80. Also, Director Katharine Berghuis Stevenson bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of C$118.37 per share, with a total value of C$118,370.00. Following the transaction, the director directly owned 3,000 shares of the company’s stock, valued at C$355,110. This represents a 50.00% increase in their position. Insiders have sold a total of 99,515 shares of company stock worth $12,279,066 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.