Wall Street analysts forecast that Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) will report earnings of $3.15 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Canadian Pacific Railway’s earnings, with the highest EPS estimate coming in at $3.26 and the lowest estimate coming in at $3.00. Canadian Pacific Railway posted earnings per share of $2.54 during the same quarter last year, which indicates a positive year over year growth rate of 24%. The business is expected to issue its next quarterly earnings report on Thursday, January 17th.

According to Zacks, analysts expect that Canadian Pacific Railway will report full year earnings of $10.84 per share for the current year, with EPS estimates ranging from $10.71 to $11.04. For the next financial year, analysts anticipate that the business will post earnings of $12.43 per share, with EPS estimates ranging from $11.60 to $13.17. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Canadian Pacific Railway.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Thursday, October 18th. The transportation company reported $4.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.16 by $0.96. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Canadian Pacific Railway had a return on equity of 28.71% and a net margin of 34.07%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.90 earnings per share.

Several equities research analysts have recently weighed in on the company. Stephens set a $236.00 price objective on Canadian Pacific Railway and gave the company a “hold” rating in a report on Friday, October 19th. Cowen reissued a “buy” rating and issued a $236.00 price objective on shares of Canadian Pacific Railway in a report on Friday, October 19th. National Bank Financial raised Canadian Pacific Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 18th. Stifel Nicolaus raised Canadian Pacific Railway from a “hold” rating to a “buy” rating and set a $244.00 price objective for the company in a report on Friday, October 12th. Finally, ValuEngine downgraded Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $236.92.

Shares of CP stock traded up $2.74 during trading hours on Thursday, hitting $209.50. The stock had a trading volume of 889,415 shares, compared to its average volume of 553,402. The company has a market capitalization of $29.30 billion, a P/E ratio of 23.86, a PEG ratio of 1.45 and a beta of 0.93. Canadian Pacific Railway has a twelve month low of $166.36 and a twelve month high of $224.19. The company has a current ratio of 0.68, a quick ratio of 0.58 and a debt-to-equity ratio of 1.10.

The business also recently declared a quarterly dividend, which was paid on Monday, October 29th. Investors of record on Friday, September 28th were issued a dividend of $0.4999 per share. The ex-dividend date of this dividend was Thursday, September 27th. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.44. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 22.89%.

Large investors have recently added to or reduced their stakes in the business. Korea Investment CORP raised its position in Canadian Pacific Railway by 18.1% in the second quarter. Korea Investment CORP now owns 71,163 shares of the transportation company’s stock worth $13,033,000 after acquiring an additional 10,900 shares in the last quarter. Gateway Investment Advisers LLC raised its position in Canadian Pacific Railway by 0.5% in the third quarter. Gateway Investment Advisers LLC now owns 75,264 shares of the transportation company’s stock worth $15,951,000 after acquiring an additional 342 shares in the last quarter. Private Advisor Group LLC purchased a new position in Canadian Pacific Railway in the second quarter worth $370,000. Strs Ohio purchased a new position in Canadian Pacific Railway in the third quarter worth $3,170,000. Finally, Natixis purchased a new position in Canadian Pacific Railway in the second quarter worth $348,000. Hedge funds and other institutional investors own 65.15% of the company’s stock.

Canadian Pacific Railway 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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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Earnings History and Estimates for Canadian Pacific Railway (NYSE:CP)

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