Canadian Pacific Sees EPS More Than Doubling Over Next Four Years

(RTTNews) - Canadian Pacific Railway Ltd. (CP, CP.TO) said Wednesday that it expects its earnings per share to more than double over the next four years compared to 2014.

The company also said it expects its annual revenue to grow to $10 billion in 2018.

CEO E. Hunter Harrison today unveiled new growth targets out to 2018 and CP's multi-year strategy to drive superior service and financial profitability, including more than doubling the company's earnings per share.

"Our transformation over the last two years has been nothing short of remarkable, but the journey is far from over," Canadian Pacific CEO E. Hunter Harrison said. "We've dramatically improved the operating performance of the company; our operating ratio is approaching industry best and we've generated significant value for shareholders. Our achievements of the past two years have set the platform for future growth."