Equities research analysts expect that Canadian National Railway (NYSE:CNI) (TSE:CNR) will report earnings of $1.12 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Canadian National Railway’s earnings, with estimates ranging from $1.08 to $1.18. Canadian National Railway posted earnings of $0.94 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 19.1%. The company is scheduled to announce its next quarterly earnings results on Tuesday, January 22nd.
On average, analysts expect that Canadian National Railway will report full year earnings of $4.18 per share for the current financial year, with EPS estimates ranging from $4.09 to $4.24. For the next fiscal year, analysts anticipate that the business will post earnings of $4.81 per share, with EPS estimates ranging from $4.69 to $4.97. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Canadian National Railway.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, October 23rd. The transportation company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.38. Canadian National Railway had a return on equity of 22.67% and a net margin of 42.06%. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the business earned $1.31 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis.
Several research analysts recently weighed in on CNI shares. BMO Capital Markets downgraded Canadian National Railway from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 5th. They noted that the move was a valuation call. Macquarie upgraded Canadian National Railway from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 20th. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Tuesday, September 25th. Barclays restated a “hold” rating and set a $88.00 target price on shares of Canadian National Railway in a research note on Wednesday, September 26th. Finally, Zacks Investment Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Wednesday, October 10th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $92.07.
Shares of CNI stock opened at $78.87 on Friday. Canadian National Railway has a 1-year low of $70.59 and a 1-year high of $91.90. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 0.57. The firm has a market cap of $58.99 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 2.08 and a beta of 0.96.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 7th will be issued a $0.3477 dividend. This represents a $1.39 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, December 6th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.34. Canadian National Railway’s payout ratio is 35.68%.
Hedge funds have recently modified their holdings of the company. Zions Bancorporation acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at about $102,000. Palo Capital Inc. acquired a new position in Canadian National Railway in the 3rd quarter worth about $114,000. Girard Partners LTD. acquired a new position in Canadian National Railway in the 3rd quarter worth about $131,000. Quad Cities Investment Group LLC acquired a new position in Canadian National Railway in the 2nd quarter worth about $165,000. Finally, First Hawaiian Bank acquired a new position in Canadian National Railway in the 3rd quarter worth about $175,000. 54.24% of the stock is owned by institutional investors and hedge funds.
About Canadian National Railway
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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