$1.37 Billion in Sales Expected for Canadian Pacific Railway (CP) This Quarter

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 brokerages recently weighed in on CP. Credit Suisse Group upped their target price on shares of Canadian Pacific Railway from $204.00 to $208.00 and gave the stock an “outperform” rating in a report on Thursday, April 19th. Cowen reaffirmed a “buy” rating and issued a $208.00 target price on shares of Canadian Pacific Railway in a report on Thursday, April 19th. Morgan Stanley dropped their target price on shares of Canadian Pacific Railway from $248.00 to $243.00 and set an “overweight” rating for the company in a report on Friday, April 6th. Zacks Investment Research raised shares of Canadian Pacific Railway from a “sell” rating to a “hold” rating in a report on Thursday, April 5th. Finally, Goldman Sachs raised shares of Canadian Pacific Railway from a “neutral” rating to a “buy” rating and upped their target price for the stock from $176.72 to $213.00 in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $203.38.

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.

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Earnings History and Estimates for Canadian Pacific Railway (NYSE:CP)

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