Zacks: Analysts Expect Canadian National Railway (NYSE:CNI) Will Announce Quarterly Sales of $3.04 Billion

Share on StockTwits

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.

CNI has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Canadian National Railway from $87.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada downgraded shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating and set a $92.00 price target for the company. in a report on Tuesday, April 30th. Stephens increased their price target on shares of Canadian National Railway from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. ValuEngine downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Credit Suisse Group increased their price target on shares of Canadian National Railway from $101.00 to $104.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $98.78.

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.

Recommended Story: Fundamental Analysis – How It Helps Investors

Get a free copy of the Zacks research report on Canadian National Railway (CNI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Canadian National Railway (NYSE:CNI)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.