Wall Street analysts expect Canadian National Railway Company (NYSE:CNI) (TSE:CNR) to announce $1.07 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Canadian National Railway’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $1.02. Canadian National Railway reported earnings per share of $0.96 during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.5%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, October 24th.

According to Zacks, analysts expect that Canadian National Railway will report full-year earnings of $4.07 per share for the current fiscal year, with EPS estimates ranging from $3.86 to $4.19. For the next financial year, analysts forecast that the business will post earnings of $4.44 per share, with EPS estimates ranging from $4.17 to $4.60. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Canadian National Railway.

Several equities research analysts have recently weighed in on the stock. Credit Suisse Group reiterated a “neutral” rating and set a $84.00 target price (up previously from $78.00) on shares of Canadian National Railway in a research note on Thursday, July 13th. They noted that the move was a valuation call. BidaskClub upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Barclays PLC restated an “equal weight” rating and issued a $81.00 price objective (up previously from $69.00) on shares of Canadian National Railway in a research report on Wednesday, May 17th. Stifel Nicolaus raised their price objective on shares of Canadian National Railway from $74.00 to $79.00 and gave the company a “hold” rating in a research report on Thursday, June 15th. Finally, Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Tuesday, July 11th. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Canadian National Railway has a consensus rating of “Hold” and a consensus price target of $80.56.

Canadian National Railway (NYSE CNI) traded up 0.66% during midday trading on Thursday, reaching $81.05. The company’s stock had a trading volume of 934,262 shares. The firm has a 50 day moving average price of $80.06 and a 200-day moving average price of $77.18. The company has a market cap of $60.87 billion, a P/E ratio of 20.22 and a beta of 1.11. Canadian National Railway has a 12-month low of $61.11 and a 12-month high of $84.48.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.3276 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.31 annualized dividend and a yield of 1.63%. Canadian National Railway’s payout ratio is 34.38%.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Canadian National Railway by 7.9% during the 1st quarter. Wellington Management Group LLP now owns 30,335,430 shares of the transportation company’s stock worth $2,236,347,000 after buying an additional 2,227,390 shares during the period. TD Asset Management Inc. increased its stake in Canadian National Railway by 4.1% during the 2nd quarter. TD Asset Management Inc. now owns 18,836,822 shares of the transportation company’s stock worth $1,526,012,000 after buying an additional 740,664 shares during the period. Vanguard Group Inc. increased its stake in Canadian National Railway by 15.5% during the 2nd quarter. Vanguard Group Inc. now owns 16,793,837 shares of the transportation company’s stock worth $1,361,140,000 after buying an additional 2,251,612 shares during the period. FMR LLC increased its stake in Canadian National Railway by 0.8% during the 1st quarter. FMR LLC now owns 15,656,372 shares of the transportation company’s stock worth $1,155,641,000 after buying an additional 121,762 shares during the period. Finally, Harding Loevner LP increased its stake in Canadian National Railway by 7.4% during the 2nd quarter. Harding Loevner LP now owns 6,159,203 shares of the transportation company’s stock worth $499,203,000 after buying an additional 422,533 shares during the period. 54.49% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Company Profile

Canadian National Railway Company 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 and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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Earnings History and Estimates for Canadian National Railway (NYSE:CNI)

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