$2.56 Billion in Sales Expected for Canadian National Railway (CNI) This Quarter

Wall Street brokerages expect that Canadian National Railway (NYSE:CNI) (TSE:CNR) will post $2.56 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Canadian National Railway’s earnings, with the lowest sales estimate coming in at $2.48 billion and the highest estimate coming in at $2.71 billion. Canadian National Railway posted sales of $2.43 billion in the same quarter last year, which would indicate a positive year over year growth rate of 5.3%. The business is scheduled to report its next quarterly earnings report on Monday, April 23rd.

According to Zacks, analysts expect that Canadian National Railway will report full year sales of $2.56 billion for the current year, with estimates ranging from $10.54 billion to $11.24 billion. For the next year, analysts expect that the firm will post sales of $11.52 billion per share, with estimates ranging from $11.10 billion to $11.97 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Canadian National Railway.

Several equities research analysts have commented on the company. Credit Suisse Group dropped their target price on Canadian National Railway from $85.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. They noted that the move was a valuation call. Goldman Sachs Group assumed coverage on Canadian National Railway in a report on Monday, November 13th. They set a “buy” rating and a $85.00 price target on the stock. Zacks Investment Research downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Finally, Cowen reaffirmed an “outperform” rating and set a $90.00 price target (up from $88.00) on shares of Canadian National Railway in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of $80.88.

Canadian National Railway (NYSE:CNI) traded up $0.04 during trading on Friday, reaching $77.30. The company’s stock had a trading volume of 1,270,000 shares, compared to its average volume of 1,660,000. The company has a quick ratio of 0.44, a current ratio of 0.55 and a debt-to-equity ratio of 0.53. Canadian National Railway has a twelve month low of $69.73 and a twelve month high of $85.73. The company has a market capitalization of $57,710.00, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 8th will be issued a dividend of $0.3665 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, March 7th. Canadian National Railway’s dividend payout ratio is presently 22.78%.

A number of institutional investors have recently bought and sold shares of CNI. Captrust Financial Advisors purchased a new stake in Canadian National Railway during the fourth quarter valued at $142,000. Delpha Capital Management LLC purchased a new stake in Canadian National Railway during the fourth quarter valued at $143,000. Goodman Financial Corp purchased a new stake in Canadian National Railway during the fourth quarter valued at $165,000. We Are One Seven LLC purchased a new stake in Canadian National Railway during the fourth quarter valued at $192,000. Finally, Sowell Financial Services LLC purchased a new stake in Canadian National Railway during the third quarter valued at $200,000. Institutional investors own 54.49% of the company’s stock.

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About Canadian National Railway

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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Earnings History and Estimates for Canadian National Railway (NYSE:CNI)

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