Analysts expect Canadian National Railway (NYSE:CNI) (TSE:CNR) to announce sales of $3.04 billion for the current quarter, according to Zacks. Six analysts have made estimates for Canadian National Railway’s earnings, with the highest sales estimate coming in at $3.12 billion and the lowest estimate coming in at $2.97 billion. Canadian National Railway posted sales of $2.82 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.8%. The business is scheduled to issue its next quarterly earnings results on Tuesday, October 22nd.
According to Zacks, analysts expect that Canadian National Railway will report full-year sales of $11.83 billion for the current financial year, with estimates ranging from $11.71 billion to $11.94 billion. For the next fiscal year, analysts anticipate that the company will post sales of $12.57 billion, with estimates ranging from $12.33 billion to $12.79 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Canadian National Railway.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.26 by $0.47. Canadian National Railway had a net margin of 29.50% and a return on equity of 24.15%. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the firm earned $1.51 EPS. Canadian National Railway’s revenue for the quarter was up 9.0% on a year-over-year basis.
Several institutional investors have recently added to or reduced their stakes in the business. Comerica Securities Inc. boosted its holdings in Canadian National Railway by 430.0% in the fourth quarter. Comerica Securities Inc. now owns 70,924 shares of the transportation company’s stock valued at $5,256,000 after acquiring an additional 57,542 shares during the last quarter. Geode Capital Management LLC lifted its stake in Canadian National Railway by 27.7% in the fourth quarter. Geode Capital Management LLC now owns 14,905 shares of the transportation company’s stock valued at $1,104,000 after buying an additional 3,237 shares during the period. Dimensional Fund Advisors LP lifted its stake in Canadian National Railway by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 361,358 shares of the transportation company’s stock valued at $26,780,000 after buying an additional 13,759 shares during the period. Gulf International Bank UK Ltd lifted its stake in Canadian National Railway by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 14,146 shares of the transportation company’s stock valued at $1,267,000 after buying an additional 300 shares during the period. Finally, Eqis Capital Management Inc. acquired a new position in Canadian National Railway in the first quarter valued at about $441,000. 53.77% of the stock is currently owned by institutional investors.
CNI stock opened at $93.07 on Monday. The company has a fifty day moving average price of $93.38 and a 200 day moving average price of $90.55. Canadian National Railway has a 12 month low of $70.36 and a 12 month high of $96.49. The company has a market cap of $67.08 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.69 and a quick ratio of 0.54.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 9th will be paid a dividend of $0.411 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is currently 38.94%.
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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