Equities research analysts expect Canadian National Railway (NYSE:CNI) (TSE:CNR) to report $0.90 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Canadian National Railway’s earnings. The lowest EPS estimate is $0.84 and the highest is $0.96. Canadian National Railway posted earnings per share of $0.88 during the same quarter last year, which would suggest a positive year over year growth rate of 2.3%. The company is expected to issue its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Canadian National Railway will report full-year earnings of $4.29 per share for the current year, with EPS estimates ranging from $4.08 to $4.43. For the next year, analysts forecast that the company will report earnings of $4.79 per share, with EPS estimates ranging from $4.50 to $4.99. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Canadian National Railway.
Several research firms have weighed in on CNI. Credit Suisse Group lowered their target price on Canadian National Railway from $85.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Cowen reissued an “outperform” rating and issued a $90.00 target price (up previously from $88.00) on shares of Canadian National Railway in a report on Wednesday, January 24th. Macquarie raised Canadian National Railway from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 24th. Zacks Investment Research upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Finally, TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $81.38.
Shares of Canadian National Railway (NYSE CNI) opened at $77.17 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.55 and a quick ratio of 0.44. The firm has a market capitalization of $57,460.00, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01. Canadian National Railway has a twelve month low of $68.27 and a twelve month high of $85.73.
Canadian National Railway declared that its board has authorized a stock buyback program on Tuesday, October 24th that allows the company to buyback 31,000,000 outstanding shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 8th will be given a $0.3665 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. This represents a $1.47 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, March 7th. Canadian National Railway’s dividend payout ratio is currently 22.39%.
About Canadian National Railway
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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