|Bid||245.75 x 800|
|Ask||245.96 x 2900|
|Day's Range||241.81 - 246.83|
|52 Week Range||167.48 - 247.52|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||19.67|
|Forward Dividend & Yield||2.55 (1.03%)|
|1y Target Est||249.45|
CSX Corp.'s not-so-strong second-quarter earnings results are carrying its peers downward on Wednesday, but analysts advise this reaction is creating an opportune moment to be buying. Shares of the overall sector have slid in Wednesday's pre-market, producing moderate declines in Union Pacific , Kansas City Southern , Canadian Pacific Railway and Norfolk Southern due to CSX's disappointing results on Tuesday evening. Only Canadian National Railway has managed to keep its stock flat as the fears of macro pressures persist.
Canadian Pacific's (NYSE: CP) is willing to cut costs in the second half of 2019 should macroeconomic factors put pressure on demand for rail service, company executives said on July 16 during the railroad's second quarter earnings call. "We continue to watch the demand environment closely, and should the macro environment change, we'll continue to adapt our costs base quickly," said CP chief financial officer Nadeem Velani.
CSX earnings missed views late after CSX stock hit a buy zone during Tuesday's session. Earlier, Canadian Pacific earnings and revenue beat Q2 estimates.
Canadian Pacific Railway (NYSE: CP ) on Tuesday reported second-quarter earnings of $4.30 per share, which beat the analyst consensus estimate of $3.20. This is a 74.8% increase over earnings of $2.46 ...
Canadian Pacific Railway earnings for the second quarter of the year have CP stock on its way up Tuesday.Source: Shutterstock Canadian Pacific Railway (NYSE:CP) reported earnings per share of $4.30 for the second quarter of 2019. This is a 36% increase over the company's earnings per share of $3.16 reported in the same period of the year prior. It was also a massive boon to CP stock by blowing past Wall Streets' earnings per share estimate of $3.20 for the quarter.The Canadian Pacific Railway earnings report for the second quarter of the year also includes net income of $724 million. This is better than the company's net income of $436 million reported during the second quarter of 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOperating income reported in the Canadian Pacific Railway earnings release for the second quarter of 2019 comes in at $822 million. That's up from the transportation company's operating income of $627 million reported for the same time last year.Canadian Pacific Railway earnings for the second quarter of the year have revenue coming in at $1.98 billion. This is an improvement over the company's revenue of $1.75 billion reported in the second quarter of the previous year. It was also great news for CP stock by beating out analysts' revenue estimate of $1.51 billion for the period. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip "This quarter, we saw revenue growth across every line of business, strong operating metrics, and our best-ever second-quarter performance from a workload perspective, as measured by Gross Ton-Miles," Keith Creel, President and CEO of Canadian Pacific Railway, said in a statement.CP stock was up 3% as of noon Tuesday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading As of this writing, William White did not hold a position in any of the aforementioned securities.The post Canadian Pacific Railway Earnings: CP Stock Chugs Higher on Q2 Results appeared first on InvestorPlace.
Canadian Pacific's (NYSE: CP) second quarter net income rose 66 percent amid a 13 percent increase in company revenue, the railroad reported on July 15. CP's financials are reported in Canadian dollars, except for earnings per share. Second quarter net profit totaled C$724 million compared with C$436 million in the second quarter of 2018.
The Zacks Analyst Blog Highlights: United Airlines, Canadian Pacific Railway, Chart Industries, Skechers U.S.A. and Cleveland-Cliff
Canadian Pacific (CP) delivered earnings and revenue surprises of 0.63% and -1.65%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
The upbeat results come against the backdrop of Alberta government's cap on output in January that boosted low crude prices, but made oil shipments by rail less profitable for Canadian producers. Rail shipments have, however, recently recovered with some producers choosing rail again to avoid pipeline congestion. Crude-by-rail volumes jumped by about a quarter to 25,000 carloads in the second quarter, while total carloads, rail cars carrying freight, rose 6%.
CALGARY , July 16, 2019 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced record second-quarter revenues of $1.98 billion , an increase of 13 percent from last year, ...
CALGARY , July 15, 2019 /PRNewswire/ - The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today declared a quarterly dividend of $0.83 per share on the outstanding Common Shares. ...
CALGARY, July 15, 2019 /PRNewswire/ - Canadian Pacific Railway Limited (CP) (CP) today announced that Andrea Robertson and Edward R. Hamberger have been appointed to its Board of Directors effective July 15, 2019. "We know Andrea and Ed will bring a breadth of experience to our board, including extensive knowledge of the transportation industry, and we are excited to have them join," said CP Board Chair Isabelle Courville. Ms. Robertson has been president and CEO of STARS Air Ambulance since 2011.
On Tuesday, July 16, Canadian Pacific Railway (NYSE: CP ) will release its latest earnings report. Check out Benzinga's preview to understand the implications. Earnings and Revenue Based on Canadian Pacific ...
While operational efficiencies get the credit for a freight railroad's improved operating ratio, other factors, such as changes in fuel prices and increases in freight rates, play significant roles according to a research paper by a law firm representing shippers in Canada. Canadian National (NYSE: CNI) and Canadian Pacific (NYSE: CP) "have become more efficient in recent years, but we urge caution when considering operating ratio improvements as evidence of efficiency gains," concluded the paper "Operating Ratio as a Measure of Railway Operating Efficiency" by law firm McMillan.
Canadian Pacific (CP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Declining freight volumes are likely to hurt Kansas City Southern's (KSU) second-quarter 2019 results. Amid the disappointment, the Chemical & Petroleum segment is expected to perform well.