Canadian National Railway Company (CNR) to Release Quarterly Earnings on Tuesday
Canadian National Railway Company (TSE:CNR) (NYSE:CNI) is set to issue its quarterly earnings data after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of C$1.35 per share for the quarter.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, July 25th. The company reported C$1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of C$3.33 billion for the quarter, compared to analyst estimates of C$3.22 billion.
Canadian National Railway Company (CNR) opened at 100.47 on Tuesday. The firm has a market capitalization of $75.45 billion and a price-to-earnings ratio of 19.76. Canadian National Railway Company has a one year low of $82.85 and a one year high of $108.64. The company has a 50-day moving average of $100.70 and a 200 day moving average of $101.96.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Thursday, September 7th.
In other news, insider Sean Finn sold 11,168 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of C$100.75, for a total value of C$1,125,176.00. Also, insider Jean-Jacques Ruest sold 31,464 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of C$81.99, for a total transaction of C$2,579,733.36. In the last quarter, insiders sold 69,807 shares of company stock valued at $6,388,760.
A number of equities research analysts have weighed in on CNR shares. CIBC reduced their target price on shares of Canadian National Railway from C$111.00 to C$110.00 in a report on Tuesday, September 26th. National Bank Financial reduced their target price on shares of Canadian National Railway from C$108.00 to C$105.00 in a report on Wednesday, September 13th. BMO Capital Markets reissued an “outperform” rating and set a C$111.00 target price on shares of Canadian National Railway in a report on Monday, September 11th. Scotiabank reissued an “outperform” rating and set a C$115.00 target price on shares of Canadian National Railway in a report on Monday, September 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a C$110.00 target price on shares of Canadian National Railway in a report on Friday, September 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Canadian National Railway has an average rating of “Buy” and a consensus price target of C$104.36.
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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