Equities research analysts predict that Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) will report $1.54 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Canadian Pacific Railway’s earnings, with the highest sales estimate coming in at $1.56 billion and the lowest estimate coming in at $1.52 billion. Canadian Pacific Railway posted sales of $1.45 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.2%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, October 17th.
According to Zacks, analysts expect that Canadian Pacific Railway will report full year sales of $6.03 billion for the current year, with estimates ranging from $5.95 billion to $6.12 billion. For the next fiscal year, analysts expect that the firm will report sales of $6.41 billion, with estimates ranging from $6.29 billion to $6.55 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Canadian Pacific Railway.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.30 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $1.11. Canadian Pacific Railway had a return on equity of 32.03% and a net margin of 30.40%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm posted $3.16 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis.
Several equities analysts recently commented on CP shares. Credit Suisse Group upped their price target on shares of Canadian Pacific Railway from $262.00 to $275.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. UBS Group decreased their price target on shares of Canadian Pacific Railway from $349.00 to $346.00 and set a “buy” rating on the stock in a research note on Tuesday, September 17th. Cowen restated a “buy” rating and set a $258.00 target price on shares of Canadian Pacific Railway in a research report on Tuesday, July 16th. Wolfe Research lowered shares of Canadian Pacific Railway from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 28th. Finally, TheStreet lowered shares of Canadian Pacific Railway from a “b+” rating to a “c” rating in a research report on Tuesday, July 16th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $249.51.
Shares of CP stock traded up $2.39 on Friday, hitting $222.79. The company’s stock had a trading volume of 16,887 shares, compared to its average volume of 435,001. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.55 and a current ratio of 0.67. The stock’s 50 day moving average is $234.61 and its 200-day moving average is $226.71. Canadian Pacific Railway has a fifty-two week low of $167.48 and a fifty-two week high of $247.52. The company has a market capitalization of $30.81 billion, a PE ratio of 19.94, a PEG ratio of 1.55 and a beta of 1.09.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.634 per share. This represents a $2.54 dividend on an annualized basis and a yield of 1.14%. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, September 26th. Canadian Pacific Railway’s dividend payout ratio is presently 22.23%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its stake in shares of Canadian Pacific Railway by 4.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,261 shares of the transportation company’s stock valued at $297,000 after buying an additional 53 shares during the period. Institutional & Family Asset Management LLC boosted its position in Canadian Pacific Railway by 33.3% in the second quarter. Institutional & Family Asset Management LLC now owns 240 shares of the transportation company’s stock valued at $56,000 after buying an additional 60 shares in the last quarter. Savant Capital LLC boosted its position in Canadian Pacific Railway by 2.5% in the second quarter. Savant Capital LLC now owns 3,127 shares of the transportation company’s stock valued at $736,000 after buying an additional 77 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Canadian Pacific Railway by 3.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,570 shares of the transportation company’s stock valued at $604,000 after buying an additional 79 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its position in Canadian Pacific Railway by 39.9% in the second quarter. Capital Investment Advisory Services LLC now owns 319 shares of the transportation company’s stock valued at $76,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 68.02% of the company’s stock.
About Canadian Pacific Railway
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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