Canadian National Railway (CNR) to Post Q1 2019 Earnings of $1.20 Per Share, Seaport Global Securities Forecasts

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Seaport Global Securities lowered their Q1 2019 earnings per share estimates for shares of Canadian National Railway in a research report issued on Wednesday, March 27th, according to Zacks Investment Research. Seaport Global Securities analyst M. Levin now forecasts that the company will post earnings per share of $1.20 for the quarter, down from their previous estimate of $1.26. Seaport Global Securities also issued estimates for Canadian National Railway’s Q2 2019 earnings at $1.69 EPS and Q3 2019 earnings at $1.70 EPS.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, January 29th. The company reported C$1.49 EPS for the quarter, topping analysts’ consensus estimates of C$1.47 by C$0.02. The firm had revenue of C$3.81 billion for the quarter, compared to analysts’ expectations of C$3.77 billion.

Other equities research analysts have also recently issued reports about the stock. CIBC lifted their price target on shares of Canadian National Railway from C$118.00 to C$119.00 in a research report on Wednesday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of Canadian National Railway from C$116.00 to C$119.00 in a research report on Wednesday, January 30th. Morgan Stanley lifted their price target on shares of Canadian National Railway from C$114.00 to C$115.00 in a research report on Monday, January 7th. Raymond James lifted their price target on shares of Canadian National Railway from C$125.00 to C$135.00 in a research report on Tuesday, April 16th. Finally, TD Securities lifted their price objective on shares of Canadian National Railway from C$125.00 to C$130.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$120.91.

CNR stock traded up C$1.12 during trading on Thursday, reaching C$125.40. 1,148,400 shares of the stock were exchanged, compared to its average volume of 1,183,022. Canadian National Railway has a 1 year low of C$95.62 and a 1 year high of C$125.94. The company has a market capitalization of $90.79 billion and a PE ratio of 21.36. The company has a debt-to-equity ratio of 71.25, a current ratio of 0.78 and a quick ratio of 0.41.

In related news, Senior Officer Sean Finn sold 950 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$116.30, for a total value of C$110,488.80. Following the completion of the sale, the insider now owns 18,137 shares in the company, valued at approximately C$2,109,405.65. Also, Director Gordon D. Giffin purchased 1,796 shares of Canadian National Railway stock in a transaction that occurred on Thursday, January 31st. The stock was acquired at an average price of C$110.15 per share, with a total value of C$197,823.07. Following the transaction, the director now owns 50,367 shares in the company, valued at C$5,547,747.56. Insiders have sold a total of 47,767 shares of company stock valued at $5,394,685 in the last 90 days.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $0.5375 per share. This represents a $2.15 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, March 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.46. Canadian National Railway’s payout ratio is currently 31.01%.

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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Earnings History and Estimates for Canadian National Railway (TSE:CNR)

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