Canadian National Railway Co. Expected to Post Q3 2016 Earnings of $0.87 Per Share (CNI)
Canadian National Railway Co. (NYSE:CNI) – Analysts at Avondale Partners issued their Q3 2016 earnings per share estimates for shares of Canadian National Railway in a note issued to investors on Tuesday. Avondale Partners analyst D. Broughton forecasts that the brokerage will post earnings of $0.87 per share for the quarter.
CNI has been the subject of several other research reports. TD Securities reiterated a “hold” rating and issued a $87.00 price objective (up previously from $86.00) on shares of Canadian National Railway in a research note on Tuesday, July 26th. Atlantic Securities began coverage on shares of Canadian National Railway in a research note on Thursday, August 11th. They issued a “neutral” rating for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $85.00 price objective on shares of Canadian National Railway in a research note on Thursday, July 7th. Citigroup Inc. reiterated a “neutral” rating and issued a $62.00 price objective on shares of Canadian National Railway in a research note on Saturday, June 18th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $87.00 price objective (up previously from $81.00) on shares of Canadian National Railway in a research note on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $74.16.
Canadian National Railway (NYSE:CNI) traded down 0.21% during mid-day trading on Thursday, reaching $66.10. 452,322 shares of the company’s stock traded hands. The stock has a market cap of $51.00 billion, a P/E ratio of 19.26 and a beta of 1.10. The company has a 50 day moving average price of $64.61 and a 200-day moving average price of $62.02. Canadian National Railway has a 12 month low of $46.23 and a 12 month high of $67.66.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/canadian-national-railway-co-expected-to-post-q3-2016-earnings-of-0-87-per-share-cni.html
Canadian National Railway (NYSE:CNI) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. Canadian National Railway had a net margin of 29.55% and a return on equity of 24.13%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the firm posted $1.15 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year.
A number of institutional investors have recently bought and sold shares of the company. Kistler Tiffany Companies LLC increased its position in Canadian National Railway by 81.9% in the second quarter. Kistler Tiffany Companies LLC now owns 1,699 shares of the company’s stock worth $100,000 after buying an additional 765 shares in the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in Canadian National Railway during the second quarter worth about $104,000. Carroll Financial Associates Inc. increased its position in Canadian National Railway by 8.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,638 shares of the company’s stock worth $107,000 after buying an additional 132 shares in the last quarter. Bessemer Group Inc. increased its position in Canadian National Railway by 119.4% in the first quarter. Bessemer Group Inc. now owns 1,968 shares of the company’s stock worth $123,000 after buying an additional 1,071 shares in the last quarter. Finally, Armbruster Capital Management Inc. increased its position in Canadian National Railway by 57.1% in the second quarter. Armbruster Capital Management Inc. now owns 2,200 shares of the company’s stock worth $130,000 after buying an additional 800 shares in the last quarter. 56.06% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently disclosed a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were issued a dividend of $0.288 per share. The ex-dividend date of this dividend was Wednesday, September 7th. Canadian National Railway’s dividend payout ratio is 33.43%.
Canadian National Railway Company Profile
Canadian National Railway Co is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.
Receive News & Ratings for Canadian National Railway Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway Co. and related companies with MarketBeat.com's FREE daily email newsletter.