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Wall Street badysts expect Canadian Pacific Railway Limited (NYSE: CP) (TSE: CP) to report earnings per share (EPS) of $ 3.11 for the current quarter, according to Zacks Investment Research. Five badysts estimated Canadian Pacific Railway earnings between $ 2.68 and $ 3.17. Canadian Pacific Railway reported earnings per share of $ 2.31 in the same quarter of last year, which would indicate a positive growth rate of 34.6% year-over-year. The company is expected to release its next quarterly results after market close on Thursday, October 18th.
According to Zacks, badysts expect Canadian Pacific Railway to report annual earnings of $ 10.70 per share for the current fiscal year, with EPS estimates ranging from $ 10.10 to $ 11.08 . For the next fiscal year, badysts expect the company to report earnings per share of $ 12.31, with earnings per share estimates ranging from $ 11.56 to $ 13.27. The average earnings per share of Zacks Investment Research is an average based on a survey conducted by research badysts covering the Canadian Pacific Railway.
Canadian Pacific Railway (NYSE: CP) (TSE: CP) released its latest quarterly results on Wednesday, July 18th. The transportation company reported earnings per share of $ 3.16 for the quarter, up $ 0.76 from the Thomson Reuters consensus. The company posted sales of $ 1.75 billion for the quarter, compared to a consensus estimate of $ 1.73 billion. Canadian Pacific Railway had a net margin of 33.92% and a return on equity of 27.87%. The company's sales for the quarter increased 6.5% year-on-year. During the same period last year, the firm posted earnings per share of $ 2.77.
Several equity badysts have recently taken into account CP's actions. ValuEngine increased the shares of Canadian Pacific Railway Company from a "hold" note to a "buy" note in a research note on Tuesday, September 4th. Barclays republished the "buy" note and issued a price target of $ 235.00 on Canadian Pacific Railway shares in a research note on Wednesday, September 26. Raymond James increased the shares of the Canadian Pacific Railway Company from an "outperformance" rating to a "strong buy" rating in a research note on Monday, July 9th. In a research report released Tuesday (July 17th), Zacks Investment Research upgraded the Canadian Pacific Railway Company's shares from a sale to a holding position. Finally, Bank of America raised its price target for the Canadian Pacific Railway Company's shares from $ 213.00 to $ 233.00 and awarded this stock a "buy" rating in a report. published on Monday, October 1st. Three investment badysts badigned a security rating, 16 received a rating and a high rating. At present, the Canadian Pacific Railway has an average purchase score and a consensus price target of $ 237.15.
NYSE: CP opened at $ 207.39 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $ 30.22 billion, a PE ratio of 23.62, a P / E of 1.78 and a beta of 1.07. The Canadian Pacific Railway has a minimum of twelve months of $ 166.36 and a twelve-month low of $ 224.19.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 29. Investors listed on Friday, September 28 will receive a dividend of $ 0.4999 per share. This is a benefit of the previous quarterly dividend of $ 0.44 from Canadian Pacific Railway. This represents an annualized dividend of $ 2.00 and a return of 0.96%. The ex-dividend date is Thursday, September 27th. Canadian Pacific's dividend payout ratio (DPR) is currently 22.89%.
Several institutional investors and hedge funds have recently changed their positions in the CP. Egerton Capital UK LLP increased its position in Canadian Pacific Railway stocks by 24.4% in the second quarter. Egerton Capital UK LLP now holds 2,792,805 shares in the transportation company, valued at $ 511,139,000, after acquiring an additional 548,467 shares in the last quarter. The Toronto-Dominion Bank increased its position in Canadian Pacific Railway stocks by 79.4% in the second quarter. The Toronto Dominion Bank now holds 1,034,315 shares worth $ 187,564,000 from the transportation company after acquiring an additional 457,885 shares in the last quarter. UBS Group AG increased its stake in the Canadian Pacific Railway Company by 234.5% in the first quarter. UBS Group AG now holds 155,729 shares worth USD 27,487,000 in the transport company after purchasing 271,502 additional shares in the last quarter. Addenda Capital Inc. acquired a new position in Canadian Pacific Railway shares in the second quarter valued at approximately $ 41,368,000. Finally, Fiera Capital Corp increased its equity holdings in Canadian Pacific Railway by 30.9% in the second quarter. Fiera Capital Corp now holds 924,876 shares valued at $ 169,510,000 after purchasing 218,248 additional shares in the last quarter. Institutional investors and hedge funds own 65.08% of the company's shares.
Canadian Pacific Railway
Canadian Pacific Railway Limited, with its subsidiaries, owns and operates a transcontinental freight railroad in Canada and the United States. The company transports bulk commodities including grain, coal, potash, fertilizer and sulfur. and cargo freight, such as finished vehicles and machinery, auto parts, chemicals and plastics, petroleum and crude products, metals and minerals, as well as forestry, industrial and consumer products.
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