Canadian National Railway (NYSE:CNI) Expected to Post Earnings of $1.37 Per Share

Analysts expect Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) to report earnings of $1.37 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Canadian National Railway’s earnings, with estimates ranging from $1.24 to $1.69. Canadian National Railway reported earnings of $1.21 per share in the same quarter last year, which indicates a positive year over year growth rate of 13.2%. The firm is scheduled to report its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Canadian National Railway will report full year earnings of $5.54 per share for the current year, with EPS estimates ranging from $5.32 to $6.90. For the next financial year, analysts anticipate that the company will post earnings of $6.23 per share, with EPS estimates ranging from $5.90 to $7.85. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Canadian National Railway.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last posted its quarterly earnings data on Tuesday, April 26th. The transportation company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.04). The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Canadian National Railway had a return on equity of 19.71% and a net margin of 33.00%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 earnings per share.

CNI has been the subject of several recent analyst reports. Evercore ISI raised shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $128.00 price objective for the company in a research note on Thursday. Argus raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Thursday, February 17th. They noted that the move was a valuation call. StockNews.com started coverage on shares of Canadian National Railway in a research note on Thursday, March 31st. They set a “hold” rating for the company. Desjardins lowered their target price on shares of Canadian National Railway from C$173.00 to C$172.00 in a research note on Thursday, April 28th. Finally, CIBC boosted their target price on shares of Canadian National Railway from C$165.00 to C$169.00 in a research note on Thursday, April 14th. Seventeen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Canadian National Railway has an average rating of “Hold” and an average price target of $146.95.

A number of institutional investors have recently made changes to their positions in the business. Ahrens Investment Partners LLC acquired a new position in shares of Canadian National Railway during the fourth quarter valued at about $27,000. Hanson & Doremus Investment Management increased its holdings in shares of Canadian National Railway by 294.1% during the first quarter. Hanson & Doremus Investment Management now owns 201 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Tyler Stone Wealth Management acquired a new position in shares of Canadian National Railway during the fourth quarter valued at about $30,000. Holloway Wealth Management LLC increased its holdings in shares of Canadian National Railway by 187.5% during the first quarter. Holloway Wealth Management LLC now owns 230 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 150 shares in the last quarter. Finally, Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Canadian National Railway during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

NYSE CNI traded up $1.53 on Friday, hitting $114.06. 1,069,051 shares of the stock were exchanged, compared to its average volume of 1,424,011. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 0.84. The stock has a fifty day moving average price of $122.29 and a two-hundred day moving average price of $123.95. The firm has a market capitalization of $78.97 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.89 and a beta of 0.85. Canadian National Railway has a 52-week low of $100.66 and a 52-week high of $137.19.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 9th will be issued a $0.586 dividend. The ex-dividend date is Wednesday, June 8th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.34 dividend on an annualized basis and a yield of 2.06%. Canadian National Railway’s payout ratio is currently 42.10%.

About Canadian National Railway (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 and Estimates for Canadian National Railway (NYSE:CNI)

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