Impact: Positive as most of CP’s performance metrics came in above FCC’s estimates. CP reported 1Q16 revenue of $1.59 billion (FCC: $1.57 billion) and posted a record low operating ratio of 58.9% (FCC: 59.6%). In terms of efficiency, CP reported terminal dwell times are down by 22% y/y and network speed up 21% y/y. The Board at CP has approved the repurchase of up to 6.91 million of its common shares and authorized a dividend increase of $0.15/share to $0.50/share each quarter or $2.00/y. With C ....
21 Apr 2016
1Q16 Results; Adjusted EPS $2.50 (FCC/Consensus: $2.41); Launches New Share Repurchase Program; Dividend +43%
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1Q16 Results; Adjusted EPS $2.50 (FCC/Consensus: $2.41); Launches New Share Repurchase Program; Dividend +43%
Canadian Pacific Kansas City Limited (CP:TSE) | 0 0 1.0% | Mkt Cap: 33,360m
- Published:
21 Apr 2016 -
Author:
Steven I. Paget -
Pages:
4
Impact: Positive as most of CP’s performance metrics came in above FCC’s estimates. CP reported 1Q16 revenue of $1.59 billion (FCC: $1.57 billion) and posted a record low operating ratio of 58.9% (FCC: 59.6%). In terms of efficiency, CP reported terminal dwell times are down by 22% y/y and network speed up 21% y/y. The Board at CP has approved the repurchase of up to 6.91 million of its common shares and authorized a dividend increase of $0.15/share to $0.50/share each quarter or $2.00/y. With C ....