Canadian Pacific Kansas City (TSE:CP) Announces Quarterly Earnings Results

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

Canadian Pacific Kansas City Trading Down 0.8%

Shares of CP opened at C$128.36 on Thursday. Canadian Pacific Kansas City has a 52-week low of C$96.50 and a 52-week high of C$131.89. The stock has a market cap of C$113.95 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. The firm’s fifty day moving average is C$125.23 and its two-hundred day moving average is C$116.08. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 27th were paid a dividend of $0.268 per share. 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. This represents a $1.07 annualized dividend and a yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.36%.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider James Dominic Luther Clements sold 21,035 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of C$125.68, for a total value of C$2,643,678.80. Also, insider Maeghan Dawn Albiston sold 5,690 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of C$125.00, for a total value of C$711,250.00. In the last quarter, insiders sold 99,515 shares of company stock valued at $12,279,066. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Raymond James Financial increased their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$140.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Barclays lifted their price target on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. National Bank Financial increased their price target on Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Finally, Citizens Jmp upgraded Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 15th. One equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$130.43.

About Canadian Pacific Kansas City

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.