Canadian Pacific Railway (CP) Issues Earnings Results, Beats Estimates By $0.96 EPS

Canadian Pacific Railway (NYSE:CP) (TSE:CP) issued its earnings results on Thursday. The transportation company reported $4.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.16 by $0.96, Briefing.com reports. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. Canadian Pacific Railway had a return on equity of 27.87% and a net margin of 33.92%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business posted $2.90 EPS.

Shares of CP opened at $200.92 on Friday. The stock has a market cap of $29.40 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.45 and a beta of 1.07. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.48 and a current ratio of 0.57. Canadian Pacific Railway has a fifty-two week low of $166.36 and a fifty-two week high of $224.19.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 29th. Shareholders of record on Friday, September 28th will be given a dividend of $0.4999 per share. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.44. This represents a $2.00 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, September 27th. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 22.89%.

CP has been the subject of a number of research analyst reports. Seaport Global Securities restated a “buy” rating and issued a $205.00 target price on shares of Canadian Pacific Railway in a research note on Monday, June 25th. Raymond James upgraded Canadian Pacific Railway from an “outperform” rating to a “strong-buy” rating in a research note on Monday, July 9th. Deutsche Bank lowered Canadian Pacific Railway to a “buy” rating in a research note on Monday, July 9th. Zacks Investment Research lowered Canadian Pacific Railway from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, Loop Capital restated a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, July 19th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $237.15.

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.

Featured Article: Average Daily Trade Volume – ADTV

Earnings History for Canadian Pacific Railway (NYSE:CP)

Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply