Canadian National Railway Company to Post Q3 2017 Earnings of $1.34 Per Share, National Bank Financial Forecasts (CNR)
Canadian National Railway Company (TSE:CNR) (NYSE:CNI) – National Bank Financial reduced their Q3 2017 EPS estimates for Canadian National Railway in a research note issued on Tuesday. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $1.34 for the quarter, down from their prior estimate of $1.35. National Bank Financial also issued estimates for Canadian National Railway’s Q1 2018 earnings at $1.22 EPS and Q3 2018 earnings at $1.46 EPS.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, July 25th. The company reported C$1.34 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.31 by C$0.03. Canadian National Railway had a net margin of 30.97% and a return on equity of 27.63%. The company had revenue of C$3.33 billion for the quarter, compared to analyst estimates of C$3.22 billion. TRADEMARK VIOLATION WARNING: “Canadian National Railway Company to Post Q3 2017 Earnings of $1.34 Per Share, National Bank Financial Forecasts (CNR)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/14/canadian-national-railway-company-to-post-q3-2017-earnings-of-1-34-per-share-national-bank-financial-forecasts-cnr.html.
CNR has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$110.00 target price on shares of Canadian National Railway in a research report on Friday, September 8th. Scotiabank reissued an “outperform” rating and set a C$115.00 price objective on shares of Canadian National Railway in a research report on Monday. Raymond James Financial, Inc. increased their price objective on shares of Canadian National Railway from C$112.00 to C$115.00 and gave the company an “outperform” rating in a research report on Friday, June 16th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$111.00 price objective on shares of Canadian National Railway in a research report on Monday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$103.91.
Canadian National Railway (CNR) opened at 98.06 on Thursday. The company’s 50 day moving average is $100.04 and its 200-day moving average is $101.10. Canadian National Railway has a 52-week low of $80.67 and a 52-week high of $108.64. The company has a market capitalization of $73.64 billion and a price-to-earnings ratio of 19.29.
In related news, insider Michael A. Cory sold 250 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of C$100.44, for a total transaction of C$25,110.00. Also, insider Sean Finn sold 15,425 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of C$98.46, for a total transaction of C$1,518,745.50. Over the last three months, insiders have purchased 8,200 shares of company stock worth $826,781 and have sold 27,175 shares worth $2,683,851.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, September 7th.
About Canadian National Railway
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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