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

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) posted its earnings results on Wednesday. The company reported C$0.93 earnings per share for the quarter, missing the consensus estimate of C$0.95 by C($0.02), reports. The firm had revenue of C$3.52 billion during the quarter, compared to analyst estimates of C$3.52 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%.

Canadian Pacific Kansas City Trading Down 0.5 %

Shares of TSE:CP opened at C$111.63 on Friday. Canadian Pacific Kansas City has a 52 week low of C$94.45 and a 52 week high of C$123.37. The company’s 50 day moving average is C$118.24 and its two-hundred day moving average is C$108.18. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85. The company has a market cap of C$104.10 billion, a PE ratio of 26.52, a P/E/G ratio of 2.32 and a beta of 0.75.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.05%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. ATB Capital boosted their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Raymond James upped their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Desjardins upped their price objective on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a “buy” rating in a report on Friday, April 12th. TD Securities upped their price objective on shares of Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Finally, CIBC upped their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the stock an “outperform” rating in a report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$120.63.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer Nadeem Velani sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total value of C$123,300.00. In related news, Senior Officer Nadeem Velani sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total value of C$123,300.00. Also, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. In the last three months, insiders have sold 97,758 shares of company stock valued at $10,774,715. Insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

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.