Canadian Pacific Kansas City (TSE:CP) Announces Earnings Results

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) issued its earnings results on Wednesday. The company reported C$1.27 EPS for the quarter, FiscalAI reports. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The firm had revenue of C$4.16 billion for the quarter.

Canadian Pacific Kansas City Stock Performance

Shares of TSE CP traded down C$1.07 during trading hours on Wednesday, hitting C$128.36. 1,190,004 shares of the stock were exchanged, compared to its average volume of 1,453,959. Canadian Pacific Kansas City has a one year low of C$96.50 and a one year high of C$131.89. The company’s 50 day moving average is C$125.04 and its 200 day moving average is C$115.88. The company has a debt-to-equity ratio of 52.35, a current ratio of 0.67 and a quick ratio of 0.42. The firm has a market capitalization of C$113.95 billion, a P/E ratio of 28.65, a P/E/G ratio of 2.32 and a beta of 1.28.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were paid a $0.268 dividend. The ex-dividend date was Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.36%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CP. Raymond James Financial lifted their price target on Canadian Pacific Kansas City from C$125.00 to C$140.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. National Bank Financial increased their price objective on Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Sanford C. Bernstein raised their price objective on shares of Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research report on Tuesday, March 31st. ATB Cormark Capital Markets lifted their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$137.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Finally, Scotiabank boosted their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus target price of C$130.43.

Insider Buying and Selling

In other news, insider Cassandra P. Quach sold 4,015 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$124.82, for a total value of C$501,152.30. Also, insider John Kenneth Brooks sold 65,130 shares of Canadian Pacific Kansas City stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total value of C$7,961,491.20. Insiders sold a total of 99,515 shares of company stock valued at $12,279,066 in the last quarter. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.