Canadian Pacific Railway Ltd to Post Q1 2019 Earnings of $2.14 Per Share, Raymond James Forecasts (CP)

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Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) – Equities researchers at Raymond James reduced their Q1 2019 earnings estimates for Canadian Pacific Railway in a research report issued on Tuesday, April 16th. Raymond James analyst S. Hansen now expects that the transportation company will earn $2.14 per share for the quarter, down from their previous estimate of $2.59.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 23rd. The transportation company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.18 by $1.37. Canadian Pacific Railway had a net margin of 26.62% and a return on equity of 30.83%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the business earned $3.22 earnings per share. Canadian Pacific Railway’s revenue was up 17.1% compared to the same quarter last year.

Several other brokerages have also commented on CP. Zacks Investment Research lowered shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Deutsche Bank dropped their price target on shares of Canadian Pacific Railway from $248.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Credit Suisse Group dropped their price target on shares of Canadian Pacific Railway from $243.00 to $224.00 and set an “outperform” rating on the stock in a research note on Monday, January 7th. Desjardins lowered shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Finally, Macquarie restated a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, March 28th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $228.46.

Shares of NYSE:CP opened at $215.15 on Thursday. Canadian Pacific Railway has a 52 week low of $167.48 and a 52 week high of $224.19. The company has a market capitalization of $30.07 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.61 and a beta of 1.15. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.23.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Friday, March 29th will be issued a dividend of $0.4887 per share. This represents a $1.95 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, March 28th. Canadian Pacific Railway’s payout ratio is 17.41%.

Large investors have recently modified their holdings of the stock. Pinnacle Bank bought a new stake in Canadian Pacific Railway during the fourth quarter worth approximately $28,000. CWM LLC boosted its holdings in Canadian Pacific Railway by 186.2% during the fourth quarter. CWM LLC now owns 166 shares of the transportation company’s stock worth $29,000 after buying an additional 108 shares in the last quarter. Van ECK Associates Corp bought a new stake in Canadian Pacific Railway during the fourth quarter worth approximately $36,000. Capital Investment Advisory Services LLC bought a new stake in Canadian Pacific Railway during the fourth quarter worth approximately $40,000. Finally, Princeton Global Asset Management LLC bought a new stake in Canadian Pacific Railway during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 68.69% of the company’s stock.

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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

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