Equities analysts expect Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) to report earnings per share (EPS) of $3.17 for the current quarter, according to Zacks. Five analysts have provided 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 would suggest a positive year-over-year growth rate of 24.8%. The business is expected to report its next earnings report on Thursday, January 17th.
According to Zacks, analysts expect that Canadian Pacific Railway will report full-year earnings of $10.82 per share for the current financial year, with EPS estimates ranging from $10.71 to $11.04. For the next fiscal year, analysts expect that the business will report earnings of $12.42 per share, with EPS estimates ranging from $12.15 to $12.81. Zacks’ EPS calculations are an average based on a survey of research firms that follow Canadian Pacific Railway.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its earnings results on Thursday, October 18th. The transportation company reported $4.12 earnings per share for the quarter, topping the 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 firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company earned $2.90 earnings per share. The company’s quarterly revenue was up 19.0% on a year-over-year basis.
CP has been the subject of a number of research reports. ValuEngine upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Barclays reiterated a “buy” rating and issued a $235.00 price target on shares of Canadian Pacific Railway in a research note on Wednesday, September 26th. Bank of America increased their price target on Canadian Pacific Railway from $213.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, October 1st. Royal Bank of Canada reiterated an “outperform” rating on shares of Canadian Pacific Railway in a research note on Friday, October 5th. Finally, Citigroup reiterated a “buy” rating and issued a $260.00 price target (up from $242.00) on shares of Canadian Pacific Railway in a research note on Friday, October 5th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Canadian Pacific Railway presently has a consensus rating of “Buy” and a consensus target price of $237.15.
Shares of CP traded down $3.79 during trading hours on Friday, reaching $196.00. The stock had a trading volume of 973,295 shares, compared to its average volume of 563,873. Canadian Pacific Railway has a 12 month low of $166.36 and a 12 month high of $224.19. The stock has a market capitalization of $28.49 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.42 and a beta of 0.91. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.58 and a current ratio of 0.68.
A number of large investors have recently made changes to their positions in the stock. WCM Investment Management CA raised its position in Canadian Pacific Railway by 8.0% during the 3rd quarter. WCM Investment Management CA now owns 4,693,885 shares of the transportation company’s stock worth $994,823,000 after purchasing an additional 348,114 shares during the last quarter. Vanguard Group Inc. raised its position in Canadian Pacific Railway by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,671,523 shares of the transportation company’s stock worth $778,143,000 after purchasing an additional 96,728 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Canadian Pacific Railway by 1.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,327,729 shares of the transportation company’s stock worth $609,041,000 after purchasing an additional 55,083 shares during the last quarter. Egerton Capital UK LLP raised its position in Canadian Pacific Railway by 24.4% during the 2nd quarter. Egerton Capital UK LLP now owns 2,792,805 shares of the transportation company’s stock worth $511,139,000 after purchasing an additional 548,467 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Canadian Pacific Railway by 4.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,678,639 shares of the transportation company’s stock worth $355,771,000 after purchasing an additional 73,098 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.
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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