Canadian National Railway (CNR) to Release Earnings on Tuesday

Canadian National Railway (TSE:CNR) (NYSE:CNI) will be announcing its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of C$1.72 per share for the quarter.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, beating the consensus estimate of C$1.96 by C$0.06. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. The business had revenue of C$4.47 billion for the quarter, compared to analyst estimates of C$4.38 billion.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$177.43 on Tuesday. The business’s 50-day moving average price is C$175.80 and its 200-day moving average price is C$164.33. Canadian National Railway has a 12 month low of C$143.13 and a 12 month high of C$181.34. The firm has a market capitalization of C$113.60 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.06 and a beta of 0.65. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.845 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.79. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, March 6th. Canadian National Railway’s payout ratio is currently 39.62%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Desjardins lifted their price objective on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets lifted their target price on Canadian National Railway from C$185.00 to C$195.00 in a research report on Monday, April 1st. Royal Bank of Canada boosted their price objective on Canadian National Railway from C$164.00 to C$171.00 in a research report on Monday, April 1st. Sanford C. Bernstein boosted their price objective on Canadian National Railway from C$191.00 to C$195.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Scotiabank upped their target price on Canadian National Railway from C$173.00 to C$184.00 and gave the stock a “sector perform” rating in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$183.00.

Insider Transactions at Canadian National Railway

In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. In related news, Director Shauneen Elizabeth Bruder acquired 488 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of C$177.40 per share, with a total value of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. Corporate insiders own 1.67% of the company’s stock.

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.