Canadian National Railway (NYSE:CNI) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) issued its earnings results on Tuesday. The transportation company reported $1.32 EPS for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.07), MarketWatch Earnings reports. Canadian National Railway had a net margin of 33.77% and a return on equity of 19.91%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the prior year, the company earned $0.97 EPS. Canadian National Railway’s quarterly revenue was up 4.9% on a year-over-year basis. Canadian National Railway updated its FY 2022 guidance to $5.390-$5.630 EPS.

Shares of Canadian National Railway stock traded down $1.88 during mid-day trading on Tuesday, hitting $122.46. The stock had a trading volume of 1,530,493 shares, compared to its average volume of 1,268,746. The firm has a 50-day moving average of $127.21 and a two-hundred day moving average of $126.29. The firm has a market cap of $85.07 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.53. Canadian National Railway has a 12-month low of $100.66 and a 12-month high of $137.19.

Several analysts have recently commented on the stock. National Bank Financial cut their price objective on shares of Canadian National Railway from C$172.00 to C$168.00 in a research note on Friday, April 8th. Desjardins boosted their price objective on Canadian National Railway from C$170.00 to C$172.00 in a report on Thursday, January 27th. Scotiabank boosted their target price on shares of Canadian National Railway from C$170.00 to C$174.00 in a research note on Wednesday, April 6th. Stephens raised their price target on shares of Canadian National Railway from $126.00 to $132.00 in a research report on Tuesday, January 4th. Finally, Raymond James lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research note on Friday. Eighteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $147.86.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNI. NewEdge Advisors LLC increased its stake in Canadian National Railway by 169.9% during the fourth quarter. NewEdge Advisors LLC now owns 5,096 shares of the transportation company’s stock worth $626,000 after acquiring an additional 3,208 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Canadian National Railway by 84.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,719 shares of the transportation company’s stock worth $581,000 after purchasing an additional 2,163 shares during the last quarter. Cetera Investment Advisers raised its holdings in Canadian National Railway by 27.4% in the 4th quarter. Cetera Investment Advisers now owns 4,081 shares of the transportation company’s stock valued at $501,000 after buying an additional 878 shares during the period. JustInvest LLC lifted its position in Canadian National Railway by 43.2% in the fourth quarter. JustInvest LLC now owns 3,871 shares of the transportation company’s stock valued at $476,000 after buying an additional 1,168 shares during the last quarter. Finally, Vident Investment Advisory LLC lifted its position in Canadian National Railway by 51.7% in the fourth quarter. Vident Investment Advisory LLC now owns 3,288 shares of the transportation company’s stock valued at $405,000 after buying an additional 1,121 shares during the last quarter. Hedge funds and other institutional investors own 69.36% of the company’s stock.

Canadian National Railway Company Profile (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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Earnings History for Canadian National Railway (NYSE:CNI)

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