Canadian National Railway (CNI) Set to Announce Quarterly Earnings on Tuesday

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.27 per share for the quarter. Canadian National Railway has set its FY24 guidance at $8.01 EPS and its FY 2024 guidance at 5.880-5.880 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last issued its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. On average, analysts expect Canadian National Railway to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Canadian National Railway Trading Up 0.4 %

Shares of CNI stock opened at $127.65 on Monday. The stock has a market capitalization of $81.53 billion, a PE ratio of 20.13, a P/E/G ratio of 2.22 and a beta of 0.88. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The business has a 50-day moving average of $129.70 and a 200 day moving average of $121.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a $0.638 dividend. This represents a $2.55 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Wednesday, March 6th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.59%.

Analyst Ratings Changes

Several analysts recently commented on the company. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Citigroup boosted their price target on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Stifel Nicolaus boosted their price target on Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a report on Friday, April 12th. Barclays boosted their price target on Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, April 10th. Eighteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $147.52.

Get Our Latest Report on Canadian National Railway

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNI. Guggenheim Capital LLC grew its position in shares of Canadian National Railway by 18.9% in the third quarter. Guggenheim Capital LLC now owns 2,204 shares of the transportation company’s stock valued at $238,000 after purchasing an additional 350 shares during the last quarter. Interchange Capital Partners LLC acquired a new stake in shares of Canadian National Railway in the first quarter valued at approximately $225,000. Oxford Financial Group Ltd. acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $208,000. Venture Visionary Partners LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $204,000. Finally, Tudor Investment Corp Et Al acquired a new stake in shares of Canadian National Railway in the third quarter valued at approximately $201,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

About Canadian National Railway

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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.

Further Reading

Earnings History for Canadian National Railway (NYSE:CNI)

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