Analysts Anticipate Canadian Pacific Railway Limited (CP) to Post $1.90 Earnings Per Share

Wall Street analysts forecast that Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) will post earnings of $1.90 per share for the current quarter, according to Zacks. Six analysts have issued estimates for Canadian Pacific Railway Limited’s earnings. The highest EPS estimate is $2.01 and the lowest is $1.84. Canadian Pacific Railway Limited posted earnings per share of $1.82 in the same quarter last year, which would indicate a positive year over year growth rate of 4.4%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, April 19th.

On average, analysts expect that Canadian Pacific Railway Limited will report full year earnings of $8.75 per share for the current financial year, with EPS estimates ranging from $8.51 to $9.23. For the next financial year, analysts expect that the company will report earnings of $9.81 per share, with EPS estimates ranging from $9.52 to $10.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Canadian Pacific Railway Limited.

Canadian Pacific Railway Limited (NYSE:CP) last released its quarterly earnings data on Wednesday, January 18th. The company reported $3.04 EPS for the quarter, missing the consensus estimate of $3.11 by $0.07. The business earned $1.64 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Canadian Pacific Railway Limited had a net margin of 25.56% and a return on equity of 32.07%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the company earned $2.72 earnings per share.

A number of research analysts recently issued reports on CP shares. Cowen and Company lifted their price target on shares of Canadian Pacific Railway Limited from $164.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, January 19th. Zacks Investment Research upgraded shares of Canadian Pacific Railway Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Loop Capital upgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, January 4th. They noted that the move was a valuation call. Wells Fargo & Co started coverage on shares of Canadian Pacific Railway Limited in a research note on Monday, March 13th. They issued an “outperform” rating for the company. Finally, Royal Bank of Canada decreased their price target on shares of Canadian Pacific Railway Limited from $239.00 to $224.00 and set an “outperform” rating for the company in a research note on Tuesday, January 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $183.88.

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Canadian Pacific Railway Limited (NYSE:CP) traded up 0.24% during mid-day trading on Wednesday, hitting $149.00. 812,088 shares of the stock traded hands. The stock has a market cap of $21.81 billion, a PE ratio of 18.70 and a beta of 1.08. Canadian Pacific Railway Limited has a 12-month low of $119.50 and a 12-month high of $157.34. The company has a 50 day moving average of $148.11 and a 200-day moving average of $148.09.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.3803 per share. The ex-dividend date is Wednesday, March 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.02%. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. Canadian Pacific Railway Limited’s dividend payout ratio (DPR) is presently 18.67%.

In other news, VP Mark Kenneth Wallace sold 3,910 shares of Canadian Pacific Railway Limited stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $152.45, for a total value of $596,079.50. Following the transaction, the vice president now directly owns 1,330 shares of the company’s stock, valued at approximately $202,758.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO E Hunter Harrison sold 178,617 shares of Canadian Pacific Railway Limited stock in a transaction on Friday, January 20th. The shares were sold at an average price of $150.81, for a total transaction of $26,937,229.77. The disclosure for this sale can be found here. In the last three months, insiders have sold 191,184 shares of company stock worth $28,835,829. 0.13% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Baker Ellis Asset Management LLC acquired a new position in shares of Canadian Pacific Railway Limited during the third quarter worth approximately $104,000. CGOV Asset Management acquired a new position in shares of Canadian Pacific Railway Limited during the third quarter worth approximately $68,834,000. K.J. Harrison & Partners Inc acquired a new position in shares of Canadian Pacific Railway Limited during the third quarter worth approximately $2,475,000. HL Financial Services LLC acquired a new position in shares of Canadian Pacific Railway Limited during the third quarter worth approximately $227,000. Finally, CENTRAL TRUST Co boosted its position in shares of Canadian Pacific Railway Limited by 1.0% in the third quarter. CENTRAL TRUST Co now owns 30,503 shares of the company’s stock worth $4,657,000 after buying an additional 300 shares during the last quarter. 69.01% of the stock is currently owned by institutional investors and hedge funds.

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.

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