Canadian National Railway (CNR) to Release Earnings on Tuesday

Canadian National Railway (TSE:CNR) (NYSE:CNI) will be issuing its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of C$1.72 per share for the quarter.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 EPS for the quarter, beating analysts’ consensus estimates of C$1.96 by C$0.06. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. The company had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$177.43 on Tuesday. The stock has a fifty day simple moving average of C$175.80 and a two-hundred day simple moving average of C$164.33. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The firm has a market cap of C$113.60 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a yield of 1.90%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Wednesday, March 6th. Canadian National Railway’s dividend payout ratio is 39.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays raised their price target on Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday, April 4th. ATB Capital raised their price target on Canadian National Railway from C$165.00 to C$180.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Sanford C. Bernstein raised their price target on Canadian National Railway from C$191.00 to C$195.00 and gave the stock an “outperform” rating in a report on Monday. BMO Capital Markets raised their price target on Canadian National Railway from C$185.00 to C$195.00 in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. raised their price target on Canadian National Railway from C$158.00 to C$164.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$183.00.

Insider Buying and Selling

In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 488 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. 1.67% of the stock is currently owned by insiders.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.