Equities research analysts expect that Canadian National Railway (NYSE:CNI) (TSE:CNR) will announce sales of $2.56 billion for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Canadian National Railway’s earnings, with the lowest sales estimate coming in at $2.48 billion and the highest estimate coming in at $2.71 billion. Canadian National Railway posted sales of $2.43 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 5.3%. The company is expected to announce its next quarterly earnings report on Monday, April 23rd.
According to Zacks, analysts expect that Canadian National Railway will report full year sales of $2.56 billion for the current financial year, with estimates ranging from $10.54 billion to $11.24 billion. For the next year, analysts anticipate that the business will post sales of $11.52 billion per share, with estimates ranging from $11.10 billion to $11.97 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Canadian National Railway.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.94 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.04). The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.61 billion. Canadian National Railway had a net margin of 42.25% and a return on equity of 24.62%.
Several hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its position in shares of Canadian National Railway by 2.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 107,203 shares of the transportation company’s stock worth $8,846,000 after acquiring an additional 2,804 shares during the period. We Are One Seven LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth approximately $192,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of Canadian National Railway by 52.7% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 42,900 shares of the transportation company’s stock worth $3,549,000 after acquiring an additional 14,800 shares during the period. Brookfield Asset Management Inc. lifted its position in shares of Canadian National Railway by 103.8% in the 4th quarter. Brookfield Asset Management Inc. now owns 17,080 shares of the transportation company’s stock worth $1,413,000 after acquiring an additional 8,700 shares during the period. Finally, Lake Street Advisors Group LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth approximately $368,000. Institutional investors own 55.36% of the company’s stock.
Canadian National Railway (NYSE:CNI) opened at $74.32 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 0.55. The company has a market capitalization of $55,426.58, a PE ratio of 19.34, a PEG ratio of 1.96 and a beta of 1.00. Canadian National Railway has a fifty-two week low of $71.02 and a fifty-two week high of $85.73.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 8th will be paid a dividend of $0.3665 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, March 7th. This represents a $1.47 annualized dividend and a yield of 1.97%. Canadian National Railway’s dividend payout ratio is presently 26.06%.
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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