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.
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.
Read More: How do candlesticks reflect price movement?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.