Brokerages Anticipate Canadian National Railway (CNI) Will Post Quarterly Sales of $2.61 Billion

Equities research analysts expect Canadian National Railway (NYSE:CNI) (TSE:CNR) to post $2.61 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Canadian National Railway’s earnings, with estimates ranging from $2.54 billion to $2.66 billion. Canadian National Railway reported sales of $2.40 billion during the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, January 23rd.

According to Zacks, analysts expect that Canadian National Railway will report full-year sales of $2.61 billion for the current financial year, with estimates ranging from $10.15 billion to $10.48 billion. For the next year, analysts expect that the business will report sales of $10.80 billion per share, with estimates ranging from $10.42 billion to $11.22 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Canadian National Railway.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.62 billion. Canadian National Railway had a net margin of 29.98% and a return on equity of 25.57%.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Raymond James Financial cut Canadian National Railway from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 25th. Desjardins raised Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Canadian National Railway in a research report on Wednesday, October 25th. Finally, Cowen reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Canadian National Railway in a research report on Sunday, September 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $79.67.

Canadian National Railway (NYSE:CNI) opened at $80.79 on Monday. The stock has a market capitalization of $60,277.42, a P/E 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. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.61 and a quick ratio of 0.49.

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

Canadian National Railway announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 24th that authorizes the company to buyback 31,000,000 shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

A number of institutional investors and hedge funds have recently made changes to their positions in CNI. Hall Laurie J Trustee increased its stake in shares of Canadian National Railway by 4.1% in the 2nd quarter. Hall Laurie J Trustee now owns 1,275 shares of the transportation company’s stock worth $103,000 after purchasing an additional 50 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of Canadian National Railway by 0.6% in the 2nd quarter. Suntrust Banks Inc. now owns 8,385 shares of the transportation company’s stock worth $679,000 after purchasing an additional 52 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of Canadian National Railway by 4.9% in the 2nd quarter. Sterling Capital Management LLC now owns 3,555 shares of the transportation company’s stock worth $288,000 after purchasing an additional 166 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of Canadian National Railway by 10.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,413 shares of the transportation company’s stock worth $280,000 after purchasing an additional 314 shares in the last quarter. Finally, Carret Asset Management LLC increased its stake in shares of Canadian National Railway by 0.5% in the 2nd quarter. Carret Asset Management LLC now owns 78,009 shares of the transportation company’s stock worth $6,323,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 53.42% of the company’s stock.

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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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