Equities analysts predict that Canadian National Railway (NYSE:CNI) (TSE:CNR) will announce earnings of $0.91 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Canadian National Railway’s earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.78. Canadian National Railway reported earnings of $1.29 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 29.5%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, July 21st.
According to Zacks, analysts expect that Canadian National Railway will report full year earnings of $3.89 per share for the current year, with EPS estimates ranging from $3.73 to $4.23. For the next year, analysts expect that the firm will report earnings of $4.56 per share, with EPS estimates ranging from $4.25 to $4.74. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Canadian National Railway.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Monday, April 27th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.46. Canadian National Railway had a return on equity of 22.99% and a net margin of 29.76%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. Canadian National Railway’s revenue for the quarter was up .0% compared to the same quarter last year.
Several analysts have issued reports on CNI shares. Wolfe Research upgraded Canadian National Railway from a “peer perform” rating to an “outperform” rating in a research note on Monday, May 4th. Zacks Investment Research upgraded Canadian National Railway from a “sell” rating to a “hold” rating and set a $90.00 price target on the stock in a research report on Thursday, April 30th. Susquehanna Bancshares dropped their price target on Canadian National Railway from $93.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Citigroup increased their price target on Canadian National Railway from $80.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Finally, CIBC increased their price target on Canadian National Railway from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $98.56.
Hedge funds have recently made changes to their positions in the stock. Broderick Brian C raised its position in Canadian National Railway by 2.3% in the first quarter. Broderick Brian C now owns 104,001 shares of the transportation company’s stock worth $8,075,000 after acquiring an additional 2,386 shares in the last quarter. Summit Global Investments raised its position in Canadian National Railway by 17.0% in the fourth quarter. Summit Global Investments now owns 8,895 shares of the transportation company’s stock worth $805,000 after acquiring an additional 1,290 shares in the last quarter. State Street Corp raised its position in Canadian National Railway by 1.7% in the first quarter. State Street Corp now owns 125,083 shares of the transportation company’s stock worth $9,710,000 after acquiring an additional 2,125 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Canadian National Railway by 258.1% in the first quarter. Tower Research Capital LLC TRC now owns 2,127 shares of the transportation company’s stock worth $167,000 after acquiring an additional 1,533 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Canadian National Railway by 4.6% in the first quarter. HighTower Advisors LLC now owns 60,280 shares of the transportation company’s stock worth $4,683,000 after acquiring an additional 2,645 shares in the last quarter. 55.08% of the stock is owned by institutional investors and hedge funds.
NYSE CNI traded down $0.05 on Thursday, hitting $88.83. 15,863 shares of the stock traded hands, compared to its average volume of 806,971. The stock has a 50-day moving average of $86.78 and a 200 day moving average of $85.81. Canadian National Railway has a twelve month low of $65.13 and a twelve month high of $96.53. The company has a market capitalization of $63.21 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 3.32 and a beta of 0.88. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a $0.4097 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Monday, June 8th. Canadian National Railway’s dividend payout ratio is presently 37.36%.
About Canadian National Railway
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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