LONDON, UK / ACCESSWIRE / October 19, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Canadian Pacific Railway Ltd (NYSE: CP), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=CP, following the Company's reporting of its financial results on October 16, 2017, for the third quarter of the fiscal year 2017. The Company's total revenue increased 3% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Earnings Reviewed

For the three months ended September 30, 2017, Canadian Pacific Railway's total revenue increased 3% to $1.60 billion from $1.55 billion in Q3 FY16. During Q3 FY17, the Company's freight revenue increased 2% to $1.55 billion from $1.51 billion in Q3 FY16. During Q3 FY17, the Company's non-freight revenue increased 9% to $48 million from $44 million in Q3 FY16.

During Q3 FY17, Canadian Pacific Railway's compensation and benefits expenses decreased 13% to $256 million from $294 million in Q3 FY16. For the reported quarter, the Company's D&A expenses increased 5% to $162 million from $155 million in Q3 FY16. For the reported quarter, the Company's total operating expenses increased 1% to $905 million from $897 million in Q3 FY16.

During Q3 FY17, Canadian Pacific Railway's operating income increased 5% to $690 million from $657 million in Q3 FY16. For the reported quarter, the Company's operating ratio improved 100 basis points to 56.7% of revenue from 57.7% of revenue in Q3 FY16. For the reported quarter, the Company's operating margin increased 100 basis points to 43.3% of revenue from 42.3% of revenue in Q3 FY16.

For the three months ended September 30, 2017, Canadian Pacific Railway's net income increased 47% to $510 million on a y-o-y basis from $347 million in Q3 FY16. During Q3 FY17, Canadian Pacific Railway's adjusted net income increased 4.1% to $422 million on a y-o-y basis from $405 million in Q3 FY16. For the reported quarter, the Company's diluted earnings per share (EPS) increased 50% to $3.5 on a y-o-y basis from $2.34 in the same period of last year. For the reported quarter, the Company's adjusted diluted EPS increased 6.2% to $2.9 on a y-o-y basis from $2.73 in Q3 FY16. The adjusted diluted EPS surpassed analysts' expectations of $2.87.

Balance Sheet

As on September 30, 2017, Canadian Pacific Railway's cash and cash equivalents decreased 13.4% to $142 million from $164 million as on December 31, 2016.

During Q3 FY17, the Company's net accounts receivable increased 6.2% to $628 million from $591 million in Q4 FY16.

During Q3 FY17, Canadian Pacific Railway's total assets increased 1.3% to $19.45 billion from $19.22 billion in Q4 FY16.

As on September 30, 2017, the Company's accrued liabilities and accounts payable increased 13.8% to $1.14 billion from $1.32 billion in Q4 FY16.

During Q3 FY17, Canadian Pacific Railway's long-term debt decreased 14.7% to $7.38 billion from $8.66 billion in Q4 FY16.

For the reported quarter, the Company's cash provided by operating activities decreased 10.8% to $527 million from $591 million in Q3 FY16.

For the reported quarter, Canadian Pacific Railway's free cash flow decreased 3.2% to $214 million from $315 million in Q3 FY16.

Outlook

For FY17, the Company expects adjusted diluted EPS to grow in double-digits from adjusted diluted EPS of $10.29 in FY16.

Stock Performance

Canadian Pacific Railway's share price finished yesterday's trading session at $177.10, jumping 5.95%. A total volume of 2.11 million shares have exchanged hands, which was higher than the 3-month average volume of 535.56 thousand shares. The Company's stock price rallied 9.06% in the last three months, 15.16% in the past six months, and 15.43% in the previous twelve months. Additionally, the stock surged 24.05% since the start of the year. Shares of the Company have a PE ratio of 19.82 and have a dividend yield of 1.02%. The stock currently has a market cap of $26.00 billion.

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SOURCE: Pro-Trader Daily