Canadian National Railway Company (CNI) Posts Quarterly Earnings Results, Beats Expectations By $0.23 EPS
Canadian National Railway Company (NYSE:CNI) (TSE:CNR) announced its earnings results on Tuesday. The transportation company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.23, Briefing.com reports. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Canadian National Railway had a net margin of 30.59% and a return on equity of 25.42%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. Canadian National Railway updated its FY17 guidance to C$4.95 to C$5.10 EPS.
Shares of Canadian National Railway (NYSE:CNI) traded up 1.66% on Tuesday, hitting $83.14. 1,799,807 shares of the company traded hands. Canadian National Railway has a 12 month low of $61.72 and a 12 month high of $84.48. The company has a market capitalization 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.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors 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%. The ex-dividend date was Thursday, September 7th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s dividend payout ratio (DPR) is 34.38%.
A number of analysts recently weighed in on the stock. Credit Suisse Group reissued a “neutral” rating on shares of Canadian National Railway in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Stifel Nicolaus restated a “hold” rating and issued a $89.00 target price on shares of Canadian National Railway in a research note on Friday, October 6th. Finally, Cowen and Company restated a “buy” rating and issued a $83.00 target price on shares of Canadian National Railway in a research note on Sunday, September 24th. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price 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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