Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Equities researchers at National Bank Financial upped their Q3 2018 earnings per share estimates for Canadian Pacific Railway in a report released on Monday. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $3.26 per share for the quarter, up from their previous estimate of $3.19. National Bank Financial currently has a “Sector Perform” rating and a $250.00 target price on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s FY2019 earnings at $13.87 EPS.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its quarterly 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. Canadian Pacific Railway had a net margin of 89.03% and a return on equity of 101.93%. The company had revenue of C$1.71 billion for the quarter, compared to analysts’ expectations of C$1.71 billion.
Shares of CP stock opened at C$223.83 on Wednesday. Canadian Pacific Railway has a 52 week low of C$189.57 and a 52 week high of C$240.40. The stock has a market cap of $33,380.00, a price-to-earnings ratio of 11.09 and a beta of 0.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 23rd will be issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, March 22nd. Canadian Pacific Railway’s dividend payout ratio is currently 10.84%.
In other Canadian Pacific Railway news, insider James Dominic Luther Clements sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of C$230.21, for a total value of C$230,210.00.
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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