Wall Street brokerages expect that Canadian Pacific Railway (NYSE:CP) (TSE:CP) will post $1.37 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Canadian Pacific Railway’s earnings. The highest sales estimate is $1.42 billion and the lowest is $1.35 billion. Canadian Pacific Railway posted sales of $1.22 billion during the same quarter last year, which would indicate a positive year over year growth rate of 12.3%. The company is expected to announce its next earnings results on Wednesday, July 18th.
On average, analysts expect that Canadian Pacific Railway will report full year sales of $5.50 billion for the current financial year, with estimates ranging from $5.45 billion to $5.52 billion. For the next year, analysts anticipate that the business will report sales of $5.83 billion per share, with estimates ranging from $5.73 billion to $5.90 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Canadian Pacific Railway.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 18th. The transportation company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.54. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.67 billion. Canadian Pacific Railway had a net margin of 35.18% and a return on equity of 28.51%. Canadian Pacific Railway’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.50 EPS.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC bought a new position in shares of Canadian Pacific Railway in the 4th quarter valued at about $133,000. We Are One Seven LLC bought a new position in shares of Canadian Pacific Railway in the 4th quarter valued at about $156,000. SeaCrest Wealth Management LLC bought a new position in shares of Canadian Pacific Railway in the 4th quarter valued at about $180,000. Jones Collombin Investment Counsel Inc lifted its holdings in shares of Canadian Pacific Railway by 46.7% in the 4th quarter. Jones Collombin Investment Counsel Inc now owns 1,012 shares of the transportation company’s stock valued at $185,000 after acquiring an additional 322 shares during the last quarter. Finally, Financial Gravity Companies Inc. bought a new position in shares of Canadian Pacific Railway in the 4th quarter valued at about $192,000. 68.63% of the stock is owned by institutional investors and hedge funds.
Shares of Canadian Pacific Railway stock opened at $182.49 on Friday. The firm has a market capitalization of $25,204.06, a P/E ratio of 20.78, a PEG ratio of 1.46 and a beta of 1.03. The company has a quick ratio of 0.50, a current ratio of 0.58 and a debt-to-equity ratio of 1.18. Canadian Pacific Railway has a fifty-two week low of $150.91 and a fifty-two week high of $188.80.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 23rd will be issued a dividend of $0.4473 per share. This represents a $1.79 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, March 22nd. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.44. Canadian Pacific Railway’s dividend payout ratio is 19.93%.
Canadian Pacific Railway Company Profile
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 finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.