Wall Street analysts predict that Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) will report earnings per share (EPS) of $2.86 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Canadian Pacific Railway’s earnings. The highest EPS estimate is $2.98 and the lowest is $2.70. Canadian Pacific Railway posted earnings of $3.21 per share during the same quarter last year, which suggests a negative year over year growth rate of 10.9%. The company is expected to announce its next quarterly earnings results before the market opens on Wednesday, July 22nd.
On average, analysts expect that Canadian Pacific Railway will report full-year earnings of $12.06 per share for the current financial year, with EPS estimates ranging from $11.50 to $13.09. For the next financial year, analysts forecast that the business will post earnings of $13.56 per share, with EPS estimates ranging from $12.65 to $14.51. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Canadian Pacific Railway.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, April 21st. The transportation company reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $1.56. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Canadian Pacific Railway had a net margin of 29.95% and a return on equity of 35.29%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the company posted $2.79 earnings per share.
A number of research analysts have recently issued reports on CP shares. Veritas Investment Research cut shares of Canadian Pacific Railway from a “buy” rating to a “sell” rating in a report on Wednesday, April 15th. Benchmark lifted their price objective on shares of Canadian Pacific Railway from $246.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. UBS Group lifted their price objective on shares of Canadian Pacific Railway from $341.00 to $387.00 and gave the company a “buy” rating in a report on Friday, June 19th. TheStreet upgraded shares of Canadian Pacific Railway from a “c” rating to a “b-” rating in a report on Wednesday, April 29th. Finally, TD Securities lifted their price objective on shares of Canadian Pacific Railway from $345.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $306.65.
Hedge funds have recently made changes to their positions in the business. Bowen Hanes & Co. Inc. raised its position in shares of Canadian Pacific Railway by 1,025.2% in the fourth quarter. Bowen Hanes & Co. Inc. now owns 120,620 shares of the transportation company’s stock valued at $30,752,000 after purchasing an additional 109,900 shares during the period. Fieldpoint Private Securities LLC raised its position in shares of Canadian Pacific Railway by 19.8% in the fourth quarter. Fieldpoint Private Securities LLC now owns 4,616 shares of the transportation company’s stock valued at $1,177,000 after purchasing an additional 764 shares during the period. Ameritas Investment Company LLC bought a new stake in shares of Canadian Pacific Railway in the first quarter valued at approximately $40,000. APG Asset Management N.V. raised its position in shares of Canadian Pacific Railway by 21.1% in the first quarter. APG Asset Management N.V. now owns 257,721 shares of the transportation company’s stock valued at $56,231,000 after purchasing an additional 44,852 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Canadian Pacific Railway by 15.3% in the first quarter. Alliancebernstein L.P. now owns 17,881 shares of the transportation company’s stock valued at $3,926,000 after purchasing an additional 2,373 shares during the period. 69.36% of the stock is currently owned by institutional investors and hedge funds.
NYSE:CP traded up $1.38 during trading hours on Thursday, reaching $251.85. The company had a trading volume of 13,190 shares, compared to its average volume of 360,808. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. The firm has a market cap of $33.84 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 2.74 and a beta of 0.95. The business’s 50-day simple moving average is $247.36 and its two-hundred day simple moving average is $243.50. Canadian Pacific Railway has a twelve month low of $173.26 and a twelve month high of $275.13.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.94%. The ex-dividend date is Thursday, June 25th. Canadian Pacific Railway’s dividend payout ratio is 19.05%.
About Canadian Pacific Railway
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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