Canadian National Railway (CNI) Scheduled to Post Earnings on Tuesday

Canadian National Railway (NYSE:CNI) (TSE:CNR) will post its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Canadian National Railway to post earnings of $1.27 per share for the quarter. Canadian National Railway has set its FY24 guidance at $8.01 EPS and its FY 2024 guidance at 5.880-5.880 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. On average, analysts expect Canadian National Railway to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Canadian National Railway Trading Up 0.3 %

NYSE CNI opened at $128.79 on Tuesday. The stock has a market capitalization of $82.47 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.23 and a beta of 0.88. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. The business’s fifty day moving average is $129.81 and its 200-day moving average is $121.30.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.638 per share. This represents a $2.55 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date was Wednesday, March 6th. Canadian National Railway’s payout ratio is presently 39.59%.

Institutional Investors Weigh In On Canadian National Railway

Institutional investors have recently added to or reduced their stakes in the company. BCK Partners Inc. purchased a new stake in shares of Canadian National Railway in the 1st quarter worth about $2,575,000. BlackRock Inc. lifted its position in shares of Canadian National Railway by 26.2% in the 1st quarter. BlackRock Inc. now owns 931,027 shares of the transportation company’s stock worth $124,888,000 after purchasing an additional 193,116 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Canadian National Railway by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 762,341 shares of the transportation company’s stock worth $102,260,000 after purchasing an additional 22,984 shares during the period. Blair William & Co. IL lifted its position in shares of Canadian National Railway by 1.4% in the 1st quarter. Blair William & Co. IL now owns 60,441 shares of the transportation company’s stock worth $8,107,000 after purchasing an additional 807 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in Canadian National Railway by 18.9% during the 1st quarter. Allianz Asset Management GmbH now owns 33,602 shares of the transportation company’s stock valued at $4,511,000 after acquiring an additional 5,349 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

CNI has been the topic of a number of research reports. Stephens boosted their price objective on Canadian National Railway from $122.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Barclays boosted their price objective on Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Citigroup boosted their price objective on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Stifel Nicolaus lifted their target price on Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a report on Friday. Finally, Jefferies Financial Group initiated coverage on Canadian National Railway in a report on Monday, April 8th. They set a “hold” rating and a $130.00 target price for the company. Eighteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $147.52.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.