Canadian National Railway (CNI) Expected to Announce Earnings of $0.97 Per Share

Analysts forecast that Canadian National Railway (NYSE:CNI) (TSE:CNR) will report earnings per share (EPS) of $0.97 for the current quarter, Zacks reports. Seven analysts have issued estimates for Canadian National Railway’s earnings, with estimates ranging from $0.95 to $1.04. Canadian National Railway reported earnings per share of $0.93 in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.3%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, January 23rd.

On average, analysts expect that Canadian National Railway will report full year earnings of $3.96 per share for the current year, with EPS estimates ranging from $3.87 to $4.07. For the next financial year, analysts forecast that the company will report earnings of $4.32 per share, with EPS estimates ranging from $4.12 to $4.47. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Canadian National Railway.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, October 24th. The transportation company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Canadian National Railway had a return on equity of 25.57% and a net margin of 29.98%.

A number of equities analysts recently commented on CNI shares. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. They noted that the move was a valuation call. Goldman Sachs Group started coverage on shares of Canadian National Railway in a research note on Monday, November 13th. They set a “buy” rating and a $85.00 target price for the company. Cowen reiterated a “buy” rating and set a $83.00 target price on shares of Canadian National Railway in a research note on Sunday, September 24th. Desjardins upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $89.00 price objective on shares of Canadian National Railway in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $79.67.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNI. Ameriprise Financial Inc. boosted its stake in Canadian National Railway by 10.3% in the second quarter. Ameriprise Financial Inc. now owns 295,305 shares of the transportation company’s stock valued at $23,942,000 after acquiring an additional 27,518 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Canadian National Railway by 11.7% in the second quarter. D.A. Davidson & CO. now owns 11,430 shares of the transportation company’s stock valued at $926,000 after acquiring an additional 1,193 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Canadian National Railway by 15.5% in the second quarter. Vanguard Group Inc. now owns 16,793,837 shares of the transportation company’s stock valued at $1,361,140,000 after buying an additional 2,251,612 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Canadian National Railway by 3.7% in the second quarter. MML Investors Services LLC now owns 18,219 shares of the transportation company’s stock valued at $1,477,000 after buying an additional 657 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in shares of Canadian National Railway by 4.5% in the second quarter. M&T Bank Corp now owns 41,713 shares of the transportation company’s stock valued at $3,380,000 after buying an additional 1,806 shares during the last quarter. Institutional investors own 53.73% of the company’s stock.

Canadian National Railway (NYSE:CNI) opened at $80.79 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.49 and a current ratio of 0.61. The company has a market cap of $60,105.81, a price-to-earnings ratio of 20.72, a P/E/G ratio of 2.00 and a beta of 1.09. Canadian National Railway has a 12 month low of $68.27 and a 12 month high of $85.73.

Canadian National Railway declared that its board has initiated a stock repurchase plan on Tuesday, October 24th that authorizes the company to repurchase 31,000,000 shares. This repurchase authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were paid a $0.3304 dividend. This represents a $1.32 annualized dividend and a yield of 1.64%. The ex-dividend date was Thursday, December 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. Canadian National Railway’s dividend payout ratio is currently 33.59%.

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

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