Analysts expect Canadian National Railway (NYSE:CNI) (TSE:CNR) to post $1.13 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Canadian National Railway’s earnings, with the lowest EPS estimate coming in at $1.08 and the highest estimate coming in at $1.21. Canadian National Railway reported earnings of $1.05 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 7.6%. The company is expected to issue its next earnings results on Tuesday, October 23rd.
According to Zacks, analysts expect that Canadian National Railway will report full-year earnings of $4.16 per share for the current fiscal year, with EPS estimates ranging from $4.06 to $4.32. For the next financial year, analysts expect that the business will post earnings of $4.71 per share, with EPS estimates ranging from $4.49 to $4.88. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Canadian National Railway.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 24th. The transportation company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.46. Canadian National Railway had a net margin of 42.08% and a return on equity of 22.90%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the firm posted $1.34 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis.
CNI has been the subject of a number of recent analyst reports. Deutsche Bank raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and lifted their price target for the stock from $81.00 to $95.00 in a research note on Monday, July 9th. Zacks Investment Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research note on Tuesday, August 7th. BMO Capital Markets cut shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 5th. They noted that the move was a valuation call. Stifel Nicolaus set a $83.00 price target on shares of Canadian National Railway and gave the stock a “hold” rating in a research note on Tuesday, July 24th. Finally, Deutsche Bank raised shares of Canadian National Railway from a “sell” rating to a “hold” rating and set a $81.00 price target for the company in a research note on Thursday, May 24th. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $89.80.
Institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new stake in shares of Canadian National Railway in the 1st quarter valued at about $117,000. Private Capital Group LLC raised its holdings in shares of Canadian National Railway by 913.9% in the 1st quarter. Private Capital Group LLC now owns 1,673 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 1,508 shares in the last quarter. Avestar Capital LLC bought a new stake in shares of Canadian National Railway in the 1st quarter valued at about $123,000. Assetmark Inc. raised its holdings in shares of Canadian National Railway by 73.7% in the 1st quarter. Assetmark Inc. now owns 1,947 shares of the transportation company’s stock valued at $142,000 after purchasing an additional 826 shares in the last quarter. Finally, Quad Cities Investment Group LLC bought a new stake in shares of Canadian National Railway in the 2nd quarter valued at about $165,000. 54.17% of the stock is owned by institutional investors.
Shares of CNI stock traded up $0.36 during trading hours on Monday, reaching $87.53. 64,082 shares of the stock were exchanged, compared to its average volume of 746,708. Canadian National Railway has a 12-month low of $70.59 and a 12-month high of $90.57. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54. The stock has a market cap of $63.33 billion, a PE ratio of 22.79, a P/E/G ratio of 2.23 and a beta of 1.05.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 7th will be given a $0.3429 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $1.37 annualized dividend and a yield of 1.57%. Canadian National Railway’s dividend payout ratio (DPR) is 36.46%.
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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