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, 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.

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Earnings History for Canadian Pacific Railway (NYSE:CP)

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