CP Stock Recent News

On 12/28/23, Illinois Tool Works, Canadian Pacific Kansas City, and Deere will all trade ex-dividend for their respective upcoming dividends. Illinois Tool Works, will pay its quarterly dividend of $1.40 on 1/11/24, Canadian Pacific Kansas City will pay its quarterly dividend of $0.19 on 1/29/24, and Deere will pay its quarterly dividend of $1.47 on 2/8/24.

Strong freight market conditions and shareholder-friendly measures boost Canadian Pacific (CP).

Canadian Pacific Kansas City is expected to benefit from revenue synergies and market share gains in the railroad industry. The company's margin outlook is positive, with cost synergies from the CPKC integration and ongoing productivity savings expected to improve margins. Valuation is reasonable considering growth prospects.

Canadian Pacific Kansas City Limited is an attractive compounder in the industrial sector. Class-1 railroads have wide moats, making it difficult for competitors to disrupt them. CP has the potential to compound its free cash flow at a 20% annual rate over the next 5 years.

Canadian Pacific (CP) third-quarter 2023 revenues of $2,489.1 million (C$3,339 million) improve 40.4% year over year.

The 10 Year Treasury Note offers a risk-free return of nearly 5% and guarantees repayment of principal in a decade. I think the purchase of Kansas City Southern will cause a write-down, making the future here far more murky, especially when compared to risk-free alternatives. The cash flows and predictability of the Treasury Note make it a far superior investment compared to the stock.

Although the revenue and EPS for Canadian Pacific Kansas City (CP) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Canadian Pacific Kansas City Limited (NYSE:CP ) Q3 2023 Results Earnings Conference Call October 26, 2023 4:30 PM ET Company Participants Chris de Bruyn - Vice President, Capital Markets and Treasurer Keith Creel - President and Chief Executive Officer Mark Redd - Executive Vice-President and Chief Operating Officer John Brooks - Executive Vice President and Chief Marketing Officer Nadeem Velani - Executive Vice President and Chief Financial Officer Conference Call Participants Chris Wetherbee - Citi Investment Research Scott Group - Wolfe Research Brandon Oglenski - Barclays Capital Fadi Chamoun - BMO Capital Markets Steve Hansen - Raymond James Tom Wadewitz - UBS Jonathan Chappell - Evercore ISI Cherilyn Radbourne - TD Securities Konark Gupta - Scotia Capital Walter Spracklin - RBC Capital Markets Ken Hoexter - Bank of America Merrill Lynch Brian Ossenbeck - J.P. Morgan Ben Nolan - Stifel Justin Long - Stephens Inc Benoit Poirier - Desjardins Securities David Vernon - Bernstein Opera

CALGARY, AB , Oct. 4, 2023 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) will release its third-quarter 2023 financial and operating results after the market close on Oct. 25, 2023.   CPKC will discuss its results with the financial community in a conference call at 4:30 p.m.

While up on the year, transportation stocks continue to trail the market. The S&P Transportation Index is up 10% in 2023, but over five years, the index is up only 12%.