Zacks: Brokerages Expect Canadian Pacific Railway Limited (NYSE:CP) to Announce $0.70 EPS

Analysts forecast that Canadian Pacific Railway Limited (NYSE:CPGet Rating) (TSE:CP) will post earnings of $0.70 per share for the current quarter, according to Zacks. Five analysts have made estimates for Canadian Pacific Railway’s earnings, with estimates ranging from $0.59 to $0.76. Canadian Pacific Railway posted earnings per share of $0.84 during the same quarter last year, which would indicate a negative year over year growth rate of 16.7%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Canadian Pacific Railway will report full year earnings of $2.86 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $3.03. For the next fiscal year, analysts expect that the firm will post earnings of $3.51 per share, with EPS estimates ranging from $3.04 to $3.76. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Canadian Pacific Railway.

Canadian Pacific Railway (NYSE:CPGet Rating) (TSE:CP) last released its quarterly earnings results on Wednesday, April 27th. The transportation company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.07). Canadian Pacific Railway had a net margin of 36.24% and a return on equity of 11.88%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company posted $0.71 earnings per share. The company’s revenue was down 6.2% on a year-over-year basis.

Several equities analysts recently commented on CP shares. Citigroup decreased their price target on shares of Canadian Pacific Railway from $84.00 to $81.00 and set a “buy” rating on the stock in a research note on Thursday, May 19th. Susquehanna Bancshares upped their price objective on shares of Canadian Pacific Railway from $89.00 to $96.00 in a research report on Thursday, April 7th. Raymond James cut their price objective on shares of Canadian Pacific Railway from C$105.00 to C$100.00 in a research report on Friday, April 22nd. Bank of America cut shares of Canadian Pacific Railway from a “buy” rating to a “neutral” rating and set a $81.00 price objective for the company. in a research report on Friday, April 8th. Finally, StockNews.com raised shares of Canadian Pacific Railway from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Railway currently has an average rating of “Buy” and a consensus target price of $93.60.

Shares of CP stock traded up $1.59 on Friday, hitting $69.98. The company’s stock had a trading volume of 133,519 shares, compared to its average volume of 3,442,015. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 0.44. The stock’s 50 day moving average is $75.17 and its 200-day moving average is $74.14. Canadian Pacific Railway has a fifty-two week low of $64.37 and a fifty-two week high of $84.22. The company has a market capitalization of $65.07 billion, a PE ratio of 21.64, a PEG ratio of 2.49 and a beta of 0.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 25th. Investors of record on Friday, June 24th will be issued a $0.152 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, June 23rd. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.15. Canadian Pacific Railway’s dividend payout ratio (DPR) is 19.30%.

A number of hedge funds and other institutional investors have recently modified their holdings of CP. Avion Wealth bought a new position in Canadian Pacific Railway in the 4th quarter valued at approximately $25,000. Professional Financial Advisors LLC acquired a new stake in Canadian Pacific Railway during the 4th quarter valued at approximately $26,000. Sage Private Wealth Group LLC acquired a new stake in Canadian Pacific Railway during the 4th quarter valued at approximately $26,000. Resources Management Corp CT ADV acquired a new stake in Canadian Pacific Railway during the 4th quarter valued at approximately $28,000. Finally, Liberty Wealth Management LLC acquired a new stake in Canadian Pacific Railway during the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 75.22% of the company’s stock.

Canadian Pacific Railway Company Profile (Get Rating)

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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

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