Canadian National Railway (CNI) Expected to Post Earnings of $0.90 Per Share

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.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNI. Harding Loevner LP lifted its position in Canadian National Railway by 2,838.1% during the third quarter. Harding Loevner LP now owns 180,965,047 shares of the transportation company’s stock worth $366,305,000 after buying an additional 174,805,844 shares during the period. Picton Mahoney Asset Management purchased a new position in Canadian National Railway during the fourth quarter worth about $141,338,000. APG Asset Management N.V. lifted its position in Canadian National Railway by 50.6% during the third quarter. APG Asset Management N.V. now owns 1,720,175 shares of the transportation company’s stock worth $142,193,000 after buying an additional 578,200 shares during the period. Highstreet Asset Management Inc. lifted its position in Canadian National Railway by 101.9% during the fourth quarter. Highstreet Asset Management Inc. now owns 1,053,512 shares of the transportation company’s stock worth $86,871,000 after buying an additional 531,756 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in Canadian National Railway by 10.6% during the third quarter. Great West Life Assurance Co. Can now owns 5,048,417 shares of the transportation company’s stock worth $417,514,000 after buying an additional 482,544 shares during the period. Hedge funds and other institutional investors own 53.66% of the company’s stock.

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%.

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

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