Canadian National Railway Company (CNI) Issues FY17 Earnings Guidance
Canadian National Railway Company (NYSE:CNI) (TSE:CNR) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of C$4.95 to C$5.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.07.
Shares of Canadian National Railway Company (NYSE:CNI) traded up 1.66% during mid-day trading on Tuesday, hitting $83.14. The stock had a trading volume of 1,799,807 shares. Canadian National Railway Company has a 52-week low of $61.72 and a 52-week high of $84.48. The firm has a market cap of $62.44 billion, a PE ratio of 19.88 and a beta of 1.13. The stock’s 50-day moving average price is $81.47 and its 200-day moving average price is $79.10.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, October 24th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.23. Canadian National Railway had a net margin of 30.59% and a return on equity of 25.42%. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the business earned $1.25 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that Canadian National Railway Company will post $4.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were issued a dividend of $0.3276 per share. This represents a $1.31 annualized dividend and a dividend yield of 1.58%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 34.38%.
Several research firms have recently issued reports on CNI. Credit Suisse Group reiterated a neutral rating and set a $84.00 target price (up from $78.00) on shares of Canadian National Railway in a report on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Canadian National Railway from a hold rating to a buy rating and set a $93.00 target price for the company in a report on Tuesday, July 11th. Cowen and Company restated a buy rating and issued a $83.00 price objective on shares of Canadian National Railway in a report on Sunday, September 24th. BidaskClub lowered shares of Canadian National Railway from a buy rating to a hold rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus restated a hold rating and issued a $89.00 price objective on shares of Canadian National Railway in a report on Friday, October 6th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Canadian National Railway presently has a consensus rating of Hold and an average price target of $82.47.
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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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