Canadian National Railway (NYSE:CNI) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Canadian National Railway (NYSE:CNI) (TSE:CNR) posted its quarterly earnings results on Tuesday. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02, Briefing.com reports. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis.

Canadian National Railway Stock Performance

CNI opened at $113.16 on Wednesday. The firm has a market cap of $71.56 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 2.53 and a beta of 0.88. The business’s fifty day moving average is $116.00 and its 200-day moving average is $119.78. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNI. Susquehanna dropped their price target on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday. Stephens reduced their price target on Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Bank of America downgraded Canadian National Railway from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $129.00 to $122.00 in a research note on Friday, October 4th. Barclays increased their price target on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus reduced their price objective on shares of Canadian National Railway from $133.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Canadian National Railway has an average rating of “Hold” and a consensus price target of $125.64.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.