Canadian Pacific Railway Limited (NYSE:CP) is set to announce second quarter earning results on Wednesday 22nd July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CP to report 2Q20 income of $ 2.77 per share.
For the full year, analysts anticipate top line of $ 5612.01 million, while looking forward to income of $ 12.42 per share bottom line.
Previous Quarter Performance
Canadian Pacific Railway Limited announced income for the first quarter of $ 3.30 per share, from the revenue of . The quarterly earnings swell 12.10 percent while revenues compared with the same quarter last year.
Street analysts expected income of $ 4.03 per share The bottom line results missed street analysts by $ 0.73 or 18.11 percent, at the same time, top line results analysts by $ 25.88 million or .
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CP was $ 271.04, representing a 56.44 % increase from the 52 week low of $ 173.26 and a 1.64 % decrease over the 52 week high of $ 275.57.
The company has a market capital of $ 36.68 billion and is part of the Industrials sector and Railroads industry.
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Recent Analyst recommendations
On 15th July 2020, maintained by Barclays at Equal-Weight rating, with $ 257.00 target price.
On 25th June 2020, maintained by Citigroup at Buy rating, with $ 295.00 target price.
On 17th June 2020, maintained by Deutsche Bank at Buy rating, with $ 271.00 target price.
Recent Stock Dividend Announcement
On April 20, 2020, the board of directors authorized quarterly dividend of $ 0.83 per share to holders of record as of the close of business on June 26, 2020, with payment date of July 27, 2020 and ex-dividend date on June 25, 2020.
Conference Call
Canadian Pacific Railway Limited will be hosting a conference call at 9:30 AM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cpr.ca
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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products. It also transports intermodal traffic comprising retail goods in overseas containers.
