Canadian Pacific Railway Limited (TSE:CP) Releases Earnings Results, Beats Estimates By $0.08 EPS

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) announced its earnings results on Wednesday, July 19th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.69 by $0.08, Yahoo Finance reports. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Canadian Pacific Railway Limited had a net margin of 26.89% and a return on equity of 35.78%.

Canadian Pacific Railway Limited (TSE CP) traded down 0.45% during mid-day trading on Friday, hitting $196.39. The stock had a trading volume of 553,624 shares. The company’s 50 day moving average price is $206.35 and its 200 day moving average price is $203.22. The firm has a market cap of $28.69 billion and a PE ratio of 17.62. Canadian Pacific Railway Limited has a 52 week low of $182.46 and a 52 week high of $218.78.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, September 28th.

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A number of research analysts recently commented on CP shares. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a C$230.00 price target on shares of Canadian Pacific Railway Limited in a research note on Thursday, April 20th. Royal Bank Of Canada boosted their price target on Canadian Pacific Railway Limited from C$224.00 to C$226.00 and gave the company an “outperform” rating in a research note on Thursday, April 20th. TD Securities reaffirmed a “hold” rating and issued a C$210.00 price target on shares of Canadian Pacific Railway Limited in a research note on Thursday, April 20th. CIBC boosted their price target on Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a research note on Thursday, July 6th. Finally, Loop Capital downgraded Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Canadian Pacific Railway Limited currently has a consensus rating of “Buy” and an average price target of C$216.36.

Canadian Pacific Railway Limited 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 operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.