Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) released its quarterly earnings results on Wednesday. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01), reports. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.57%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion.
Canadian Pacific Kansas City Trading Up 0.2 %
CP stock opened at $82.09 on Friday. The stock has a market capitalization of $76.56 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 2.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. The business has a fifty day moving average price of $87.11 and a 200 day moving average price of $79.74. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58.
Canadian Pacific Kansas City Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is presently 17.95%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on CP
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sands Capital Management LLC bought a new position in Canadian Pacific Kansas City during the third quarter worth about $31,000. Anchor Investment Management LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter worth about $40,000. AdvisorNet Financial Inc lifted its holdings in Canadian Pacific Kansas City by 452.1% during the third quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock worth $39,000 after acquiring an additional 425 shares in the last quarter. Independence Bank of Kentucky bought a new position in Canadian Pacific Kansas City during the fourth quarter worth about $43,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $45,000. 72.20% of the stock is currently owned by institutional investors.
Canadian Pacific Kansas City Company Profile
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.
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