Canadian National Railway (CNI) Updates FY18 Earnings Guidance

Canadian National Railway (NYSE:CNI) (TSE:CNR) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.25-5.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.51.

Shares of Canadian National Railway (NYSE CNI) traded up $0.41 during trading on Tuesday, reaching $80.31. The company’s stock had a trading volume of 2,317,322 shares, compared to its average volume of 1,243,750. 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 stock has a market capitalization of $59,780.00, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.00 and a beta of 1.09. Canadian National Railway has a fifty-two week low of $68.27 and a fifty-two week high of $85.73.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Canadian National Railway had a net margin of 29.98% and a return on equity of 25.57%. equities analysts expect that Canadian National Railway will post 3.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were given a dividend of $0.3304 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.32 annualized dividend and a yield of 1.65%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. Canadian National Railway’s dividend payout ratio (DPR) is currently 31.95%.

Canadian National Railway declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 24th that permits the company to buyback 31,000,000 shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Several equities analysts have recently issued reports on CNI shares. Zacks Investment Research raised Canadian National Railway from a sell rating to a hold rating in a research report on Monday, November 6th. Raymond James Financial lowered 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. Deutsche Bank started coverage on Canadian National Railway in a research report on Wednesday, November 1st. They issued a sell rating and a $73.00 price target for the company. Finally, CIBC raised Canadian National Railway from a neutral rating to a sector outperform rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Canadian National Railway presently has an average rating of Hold and an average target price of $79.67.

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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.

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

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