Zacks: Brokerages Anticipate Canadian Pacific Railway Ltd (NYSE:CP) to Announce $3.53 EPS

Equities research analysts forecast that Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) will post $3.53 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Canadian Pacific Railway’s earnings, with the highest EPS estimate coming in at $3.60 and the lowest estimate coming in at $3.37. Canadian Pacific Railway posted earnings per share of $3.45 in the same quarter last year, which would suggest a positive year over year growth rate of 2.3%. The company is expected to announce its next quarterly earnings report on Wednesday, January 22nd.

According to Zacks, analysts expect that Canadian Pacific Railway will report full-year earnings of $12.40 per share for the current year, with EPS estimates ranging from $12.26 to $12.54. For the next year, analysts anticipate that the firm will report earnings of $13.89 per share, with EPS estimates ranging from $13.39 to $14.18. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Canadian Pacific Railway.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $4.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.41 by $1.20. Canadian Pacific Railway had a return on equity of 32.62% and a net margin of 30.02%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the company earned $4.12 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis.

CP has been the topic of several analyst reports. National Bank Financial lowered their price objective on Canadian Pacific Railway from $328.00 to $322.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 24th. UBS Group lowered their price objective on Canadian Pacific Railway from $349.00 to $346.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Zacks Investment Research cut Canadian Pacific Railway from a “hold” rating to a “sell” rating and set a $227.00 price objective on the stock. in a research report on Monday, October 21st. Bank of America cut Canadian Pacific Railway from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada lowered their price objective on Canadian Pacific Railway from $378.00 to $355.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $270.88.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CP. Bartlett & Co. LLC increased its stake in shares of Canadian Pacific Railway by 12.8% in the 3rd quarter. Bartlett & Co. LLC now owns 389 shares of the transportation company’s stock worth $87,000 after purchasing an additional 44 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Canadian Pacific Railway by 1.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 3,040 shares of the transportation company’s stock worth $676,000 after purchasing an additional 50 shares in the last quarter. Parallel Advisors LLC increased 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 worth $297,000 after purchasing an additional 53 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Canadian Pacific Railway by 2.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,623 shares of the transportation company’s stock worth $617,000 after buying an additional 53 shares in the last quarter. Finally, Institutional & Family Asset Management LLC increased its stake in Canadian Pacific Railway by 33.3% in the 2nd quarter. Institutional & Family Asset Management LLC now owns 240 shares of the transportation company’s stock worth $56,000 after buying an additional 60 shares in the last quarter. 67.27% of the stock is currently owned by hedge funds and other institutional investors.

CP stock traded down $2.41 during midday trading on Monday, hitting $235.83. The company’s stock had a trading volume of 277,592 shares, compared to its average volume of 434,889. The company has a market cap of $32.76 billion, a PE ratio of 21.06, a P/E/G ratio of 1.77 and a beta of 1.13. Canadian Pacific Railway has a 12 month low of $167.48 and a 12 month high of $247.52. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average is $231.18 and its 200-day moving average is $231.69.

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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