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

Canadian National Railway (NYSE:CNI) (TSE:CNR) will issue its quarterly earnings data after the market closes on Tuesday, October 20th. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 21st. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.36. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.41 billion. Canadian National Railway had a net margin of 25.66% and a return on equity of 20.92%. On average, analysts expect Canadian National Railway to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

NYSE:CNI opened at $111.80 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.97. The company has a 50-day moving average of $106.40 and a 200-day moving average of $92.67. Canadian National Railway has a 52 week low of $65.13 and a 52 week high of $112.97. The company has a market capitalization of $79.55 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 3.80 and a beta of 0.85.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, September 8th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.41. Canadian National Railway’s dividend payout ratio is 39.86%.

A number of research firms have weighed in on CNI. Cowen lifted their price objective on Canadian National Railway from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Scotiabank increased their price objective on Canadian National Railway from $137.00 to $152.00 in a research note on Friday, October 9th. BMO Capital Markets boosted their target price on shares of Canadian National Railway from $140.00 to $152.00 and gave the company an “outperform” rating in a research note on Tuesday, September 22nd. Wells Fargo & Company upped their target price on shares of Canadian National Railway from $94.00 to $97.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Finally, TD Securities lifted their price target on shares of Canadian National Railway from $140.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $109.56.

Canadian National Railway Company Profile

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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Earnings History for Canadian National Railway (NYSE:CNI)

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