Analysts Anticipate Canadian National Railway (CNI) to Announce $0.89 EPS

Analysts expect Canadian National Railway (NYSE:CNI) (TSE:CNR) to report earnings of $0.89 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Canadian National Railway’s earnings, with estimates ranging from $0.85 to $0.92. Canadian National Railway posted earnings per share of $0.79 during the same quarter last year, which indicates a positive year over year growth rate of 12.7%. The company is expected to announce its next earnings report after the market closes on Monday, April 29th.

On average, analysts expect that Canadian National Railway will report full year earnings of $4.67 per share for the current year, with EPS estimates ranging from $4.58 to $4.82. For the next financial year, analysts expect that the firm will report earnings of $5.22 per share, with EPS estimates ranging from $5.10 to $5.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Canadian National Railway.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, January 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.38. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.80 billion. Canadian National Railway had a net margin of 30.19% and a return on equity of 23.28%. Canadian National Railway’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $1.20 EPS.

A number of research analysts recently weighed in on CNI shares. Stephens raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Thursday, January 3rd. Macquarie reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Thursday, March 28th. Credit Suisse Group raised shares of Canadian National Railway from a “neutral” rating to an “outperform” rating and raised their price target for the company from $90.00 to $95.00 in a research note on Tuesday, January 15th. Barclays reaffirmed a “hold” rating and issued a $86.00 price target on shares of Canadian National Railway in a research note on Thursday, January 17th. Finally, National Bank Financial reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Thursday, March 28th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $93.30.

Shares of Canadian National Railway stock opened at $93.50 on Thursday. The stock has a market capitalization of $67.80 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.88 and a beta of 1.07. Canadian National Railway has a twelve month low of $70.36 and a twelve month high of $94.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.62 and a current ratio of 0.78.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a $0.4026 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.72%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 7th. Canadian National Railway’s dividend payout ratio (DPR) is 38.46%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Duff & Phelps Investment Management Co. lifted its stake in Canadian National Railway by 5.1% in the 1st quarter. Duff & Phelps Investment Management Co. now owns 280,600 shares of the transportation company’s stock worth $25,126,000 after purchasing an additional 13,600 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Canadian National Railway during the 1st quarter valued at approximately $741,000. Liberty Capital Management Inc. purchased a new stake in shares of Canadian National Railway during the 1st quarter valued at approximately $215,000. Callahan Advisors LLC raised its position in shares of Canadian National Railway by 4.7% during the 1st quarter. Callahan Advisors LLC now owns 90,069 shares of the transportation company’s stock valued at $8,059,000 after buying an additional 4,039 shares during the period. Finally, Barometer Capital Management Inc. purchased a new stake in shares of Canadian National Railway during the 1st quarter valued at approximately $19,625,000. 55.06% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Company Profile

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 (NYSE:CNI)

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