Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Cormark cut their Q2 2019 earnings estimates for shares of Canadian Pacific Railway in a research report issued on Thursday, April 19th. Cormark analyst D. Tyerman now expects that the company will earn $3.40 per share for the quarter, down from their prior forecast of $3.48. Cormark also issued estimates for Canadian Pacific Railway’s Q3 2019 earnings at $3.64 EPS, FY2020 earnings at $16.17 EPS, FY2021 earnings at $18.00 EPS and FY2022 earnings at $20.14 EPS.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last issued its earnings results on Thursday, January 18th. The company reported C$3.22 earnings per share for the quarter, topping analysts’ consensus estimates of C$3.20 by C$0.02. The firm had revenue of C$1.71 billion during the quarter, compared to analyst estimates of C$1.71 billion. Canadian Pacific Railway had a net margin of 89.03% and a return on equity of 101.93%.
A number of other equities analysts have also commented on the stock. Raymond James raised their price objective on shares of Canadian Pacific Railway from C$255.00 to C$260.00 in a research report on Tuesday, April 3rd. Morgan Stanley raised their price objective on shares of Canadian Pacific Railway from C$228.00 to C$248.00 in a research report on Monday, January 22nd. Royal Bank of Canada raised their price objective on shares of Canadian Pacific Railway from C$256.00 to C$258.00 and gave the company an “outperform” rating in a research report on Thursday. National Bank Financial raised their price objective on shares of Canadian Pacific Railway from C$248.00 to C$250.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 20th. Finally, TD Securities raised their price objective on shares of Canadian Pacific Railway from C$240.00 to C$250.00 and gave the company a “hold” rating in a research report on Friday, January 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Canadian Pacific Railway has an average rating of “Buy” and a consensus price target of C$255.42.
Shares of TSE:CP opened at C$223.48 on Friday. Canadian Pacific Railway has a twelve month low of C$189.57 and a twelve month high of C$240.40.
In other Canadian Pacific Railway news, insider James Dominic Luther Clements sold 1,000 shares of Canadian Pacific Railway stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of C$230.21, for a total transaction of C$230,210.00.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 23rd will be given a dividend of $0.5625 per share. The ex-dividend date is Thursday, March 22nd. This represents a $2.25 annualized dividend and a yield of 1.01%.
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 operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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