Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) announced its quarterly earnings results on Wednesday. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02), Briefing.com reports. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis.
Canadian Pacific Kansas City Trading Down 1.6 %
Canadian Pacific Kansas City stock traded down $1.23 during trading hours on Thursday, reaching $77.60. 1,848,374 shares of the company’s stock traded hands, compared to its average volume of 2,101,670. The firm has a market capitalization of $72.41 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The firm’s 50 day moving average is $82.92 and its 200-day moving average is $81.50.
Canadian Pacific Kansas City Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is currently 17.31%.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Canadian Pacific Kansas City
About Canadian Pacific Kansas City
Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.
See Also
- Five stocks we like better than Canadian Pacific Kansas City
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- The Significance of Brokerage Rankings in Stock Selection
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- How to Invest in Small Cap StocksĀ
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter.