$1.29 EPS Expected for Canadian National Railway (NYSE:CNI) This Quarter

Equities analysts expect Canadian National Railway (NYSE:CNI) (TSE:CNR) to post earnings of $1.29 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Canadian National Railway’s earnings, with the lowest EPS estimate coming in at $1.25 and the highest estimate coming in at $1.35. Canadian National Railway reported earnings of $1.15 per share during the same quarter last year, which suggests a positive year over year growth rate of 12.2%. The business is scheduled to report its next earnings results on Tuesday, October 22nd.

On average, analysts expect that Canadian National Railway will report full year earnings of $4.70 per share for the current financial year, with EPS estimates ranging from $4.62 to $4.76. For the next fiscal year, analysts forecast that the company will report earnings of $5.28 per share, with EPS estimates ranging from $5.21 to $5.46. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Canadian National Railway.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.26 by $0.47. Canadian National Railway had a net margin of 29.50% and a return on equity of 24.15%. The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the previous year, the business posted $1.51 EPS. The firm’s revenue was up 9.0% on a year-over-year basis.

Several research analysts have commented on the stock. Goldman Sachs Group assumed coverage on shares of Canadian National Railway in a report on Wednesday, July 10th. They set a “neutral” rating and a $97.00 price target for the company. Credit Suisse Group boosted their price target on shares of Canadian National Railway from $101.00 to $104.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Stephens boosted their price target on shares of Canadian National Railway from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. BMO Capital Markets upgraded shares of Canadian National Railway to a “market perform” rating and set a $125.00 target price for the company in a report on Tuesday, April 30th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Canadian National Railway currently has a consensus rating of “Hold” and a consensus price target of $98.78.

NYSE CNI traded up $2.04 on Friday, hitting $92.48. 884,100 shares of the stock were exchanged, compared to its average volume of 870,708. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.66. Canadian National Railway has a fifty-two week low of $70.36 and a fifty-two week high of $96.49. The company has a market cap of $65.53 billion, a PE ratio of 22.23, a PEG ratio of 1.79 and a beta of 1.03. The company has a 50-day moving average price of $93.42 and a 200-day moving average price of $90.43.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be issued a $0.411 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.64 annualized dividend and a dividend yield of 1.78%. Canadian National Railway’s dividend payout ratio is presently 38.94%.

Several institutional investors have recently modified their holdings of the company. Smith Moore & CO. boosted its stake in Canadian National Railway by 1.6% during the 1st quarter. Smith Moore & CO. now owns 7,082 shares of the transportation company’s stock worth $634,000 after purchasing an additional 112 shares during the period. Private Capital Group LLC raised its position in Canadian National Railway by 7.3% during the 1st quarter. Private Capital Group LLC now owns 1,719 shares of the transportation company’s stock worth $154,000 after buying an additional 117 shares during the last quarter. Regentatlantic Capital LLC raised its position in Canadian National Railway by 2.6% during the 2nd quarter. Regentatlantic Capital LLC now owns 4,746 shares of the transportation company’s stock worth $439,000 after buying an additional 120 shares during the last quarter. Cornerstone Advisors Inc. raised its position in Canadian National Railway by 8.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,607 shares of the transportation company’s stock worth $149,000 after buying an additional 122 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in Canadian National Railway by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 6,251 shares of the transportation company’s stock worth $574,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

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

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