Canadian Pacific Kansas City (NYSE:CP) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) announced its quarterly earnings results on Wednesday. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01), reports. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion.

Canadian Pacific Kansas City Trading Down 0.5 %

CP stock traded down $0.41 on Friday, hitting $81.68. 1,717,833 shares of the company were exchanged, compared to its average volume of 1,899,530. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.46. The business’s fifty day moving average is $87.04 and its two-hundred day moving average is $79.80. The stock has a market capitalization of $76.18 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several institutional investors have recently bought and sold shares of the business. YCG LLC boosted its stake in shares of Canadian Pacific Kansas City by 32.5% in the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock valued at $29,444,000 after purchasing an additional 91,276 shares during the period. SG Americas Securities LLC boosted its stake in shares of Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after purchasing an additional 12,748 shares during the period. Element Capital Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Canadian Pacific Kansas City by 5.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after purchasing an additional 14,557 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $5,392,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CP shares. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Evercore ISI dropped their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday. Jefferies Financial Group began coverage on shares of Canadian Pacific Kansas City in a research note on Monday, April 8th. They issued a “buy” rating and a $105.00 price objective on the stock. Barclays lifted their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Raymond James lifted their price objective on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.42.

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.