Analysts Anticipate Canadian Pacific Railway Limited (CP) Will Post Earnings of $2.61 Per Share

Equities analysts expect Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) to post earnings of $2.61 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Canadian Pacific Railway’s earnings, with estimates ranging from $2.54 to $2.79. Canadian Pacific Railway posted earnings of $2.13 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 22.5%. The firm is scheduled to announce its next earnings report on Wednesday, April 17th.

According to Zacks, analysts expect that Canadian Pacific Railway will report full-year earnings of $12.45 per share for the current fiscal year, with EPS estimates ranging from $12.20 to $12.81. For the next year, analysts anticipate that the business will report earnings of $13.85 per share, with EPS estimates ranging from $13.60 to $14.45. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Canadian Pacific Railway.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 23rd. The transportation company reported $4.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $1.37. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.93 billion. Canadian Pacific Railway had a return on equity of 30.69% and a net margin of 26.62%. Canadian Pacific Railway’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.22 EPS.

CP has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Friday. Seaport Global Securities reaffirmed a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday, January 24th. Cowen reaffirmed a “buy” rating and set a $238.00 price target on shares of Canadian Pacific Railway in a research report on Thursday, January 24th. Credit Suisse Group upped their price target on Canadian Pacific Railway from $224.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, January 24th. Finally, Barclays reaffirmed a “buy” rating and set a $229.00 price target on shares of Canadian Pacific Railway in a research report on Thursday, January 17th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Canadian Pacific Railway has an average rating of “Buy” and a consensus price target of $232.14.

Large investors have recently made changes to their positions in the company. Highstreet Asset Management Inc. increased its position in Canadian Pacific Railway by 344.7% during the fourth quarter. Highstreet Asset Management Inc. now owns 676 shares of the transportation company’s stock worth $120,000 after purchasing an additional 524 shares during the last quarter. AGF Investments Inc. increased its position in Canadian Pacific Railway by 15.8% during the fourth quarter. AGF Investments Inc. now owns 205,115 shares of the transportation company’s stock worth $36,395,000 after purchasing an additional 27,945 shares during the last quarter. AdvisorNet Financial Inc increased its position in Canadian Pacific Railway by 170.1% during the fourth quarter. AdvisorNet Financial Inc now owns 532 shares of the transportation company’s stock worth $94,000 after purchasing an additional 335 shares during the last quarter. Hansberger Growth Investors LP increased its position in Canadian Pacific Railway by 2.9% during the fourth quarter. Hansberger Growth Investors LP now owns 43,994 shares of the transportation company’s stock worth $7,814,000 after purchasing an additional 1,228 shares during the last quarter. Finally, OLD Dominion Capital Management Inc. increased its position in Canadian Pacific Railway by 0.8% during the fourth quarter. OLD Dominion Capital Management Inc. now owns 23,875 shares of the transportation company’s stock worth $4,241,000 after purchasing an additional 200 shares during the last quarter. 68.36% of the stock is owned by hedge funds and other institutional investors.

CP stock traded down $0.63 during trading on Friday, hitting $200.35. 346,803 shares of the company traded hands, compared to its average volume of 571,478. The stock has a market capitalization of $28.17 billion, a PE ratio of 17.89, a P/E/G ratio of 1.42 and a beta of 1.15. Canadian Pacific Railway has a 1 year low of $167.48 and a 1 year high of $224.19. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.68 and a quick ratio of 0.58.

The company also recently announced a quarterly dividend, which was paid on Monday, January 28th. Stockholders of record on Friday, December 28th were given a $0.489 dividend. The ex-dividend date was Thursday, December 27th. This represents a $1.96 annualized dividend and a dividend yield of 0.98%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.33. Canadian Pacific Railway’s dividend payout ratio is currently 17.05%.

Canadian Pacific Railway 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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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Earnings History and Estimates for Canadian Pacific Railway (NYSE:CP)

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