Canadian Pacific Kansas City (NYSE:CP) Posts Earnings Results, Misses Expectations By $0.02 EPS

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) released its quarterly earnings results on Wednesday. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02), Briefing.com reports. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 EPS.

Canadian Pacific Kansas City Stock Performance

CP traded down $0.08 during trading on Friday, reaching $78.43. 101,729 shares of the company’s stock were exchanged, compared to its average volume of 2,100,547. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The stock has a market capitalization of $73.18 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The company’s fifty day simple moving average is $82.92 and its 200-day simple moving average is $81.50. Canadian Pacific Kansas City has a 1 year low of $69.07 and a 1 year high of $91.58.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Analyst Ratings Changes

Several brokerages have weighed in on CP. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Jefferies Financial Group reduced their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Barclays lifted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Evercore ISI lifted their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Finally, Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.78.

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.