$3.17 EPS Expected for Canadian Pacific Railway Limited (CP) This Quarter

Equities analysts forecast that Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) will post $3.17 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Canadian Pacific Railway’s earnings, with estimates ranging from $3.03 to $3.26. Canadian Pacific Railway posted earnings of $2.54 per share during the same quarter last year, which suggests a positive year over year growth rate of 24.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, January 17th.

On average, analysts expect that Canadian Pacific Railway will report full year earnings of $10.82 per share for the current fiscal year, with EPS estimates ranging from $10.71 to $11.04. For the next fiscal year, analysts anticipate that the firm will report earnings of $12.42 per share, with EPS estimates ranging from $12.15 to $12.81. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Canadian Pacific Railway.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Thursday, October 18th. The transportation company reported $4.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.16 by $0.96. Canadian Pacific Railway had a return on equity of 28.71% and a net margin of 34.07%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business earned $2.90 EPS. The business’s quarterly revenue was up 19.0% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Wednesday. Raymond James reissued a “buy” rating on shares of Canadian Pacific Railway in a research note on Monday, December 3rd. ValuEngine downgraded Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Cowen reissued a “buy” rating and issued a $236.00 price objective on shares of Canadian Pacific Railway in a research note on Friday, October 19th. Finally, Stifel Nicolaus raised their price objective on Canadian Pacific Railway from $207.00 to $247.00 and gave the company a “hold” rating in a research note on Sunday, October 7th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Canadian Pacific Railway presently has a consensus rating of “Buy” and an average price target of $237.15.

Shares of CP traded down $6.72 during midday trading on Friday, reaching $189.28. 760,076 shares of the stock were exchanged, compared to its average volume of 640,220. Canadian Pacific Railway has a 12-month low of $166.36 and a 12-month high of $224.19. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.68 and a quick ratio of 0.58. The company has a market capitalization of $27.90 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.39 and a beta of 0.91.

Several hedge funds have recently modified their holdings of CP. BB&T Corp grew its holdings in Canadian Pacific Railway by 11.3% in the 2nd quarter. BB&T Corp now owns 4,487 shares of the transportation company’s stock valued at $821,000 after buying an additional 456 shares during the last quarter. Aperio Group LLC grew its holdings in Canadian Pacific Railway by 1.0% in the 2nd quarter. Aperio Group LLC now owns 58,812 shares of the transportation company’s stock valued at $10,764,000 after buying an additional 588 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Canadian Pacific Railway by 6.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 441,070 shares of the transportation company’s stock valued at $80,839,000 after buying an additional 26,289 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Canadian Pacific Railway by 20.3% in the 2nd quarter. Wells Fargo & Company MN now owns 87,658 shares of the transportation company’s stock valued at $16,043,000 after buying an additional 14,799 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Canadian Pacific Railway by 2.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,168,108 shares of the transportation company’s stock valued at $213,935,000 after buying an additional 25,400 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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 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 and Estimates for Canadian Pacific Railway (NYSE:CP)

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