Canadian Pacific Railway Limited (CP) Posts Quarterly Earnings Results, Beats Estimates By $0.59 EPS

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) posted its quarterly earnings data on Tuesday, October 17th. The transportation company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.59, Briefing.com reports. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.60 billion. Canadian Pacific Railway Limited had a return on equity of 31.91% and a net margin of 27.92%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the company earned $2.73 EPS.

Canadian Pacific Railway Limited (CP) traded down 0.07% during trading on Friday, reaching $174.20. The company had a trading volume of 37,031 shares. Canadian Pacific Railway Limited has a 1-year low of $139.29 and a 1-year high of $179.17. The stock has a market capitalization of $25.35 billion, a price-to-earnings ratio of 17.20 and a beta of 1.11. The firm has a 50-day moving average of $166.68 and a 200-day moving average of $159.04.

CP has been the subject of a number of research analyst reports. BidaskClub raised Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Stifel Nicolaus raised their price target on Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the stock a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a research note on Wednesday, July 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a $183.00 target price (up from $178.00) on shares of Canadian Pacific Railway Limited in a research report on Thursday, July 13th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Pacific Railway Limited in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. Canadian Pacific Railway Limited presently has a consensus rating of “Buy” and an average price target of $190.86.

TRADEMARK VIOLATION NOTICE: “Canadian Pacific Railway Limited (CP) Posts Quarterly Earnings Results, Beats Estimates By $0.59 EPS” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/27/canadian-pacific-railway-limited-cp-releases-earnings-results-beats-estimates-by-0-59-eps.html.

Canadian Pacific Railway Limited 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 operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

Earnings History for Canadian Pacific Railway Limited (NYSE:CP)

Receive News & Ratings for Canadian Pacific Railway Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply