$1.20 EPS Expected for Canadian National Railway (NYSE:CNI) This Quarter


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Equities analysts expect Canadian National Railway (NYSE:CNI) (TSE:CNR) to announce $1.20 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Canadian National Railway’s earnings, with estimates ranging from $1.16 to $1.24. Canadian National Railway reported earnings of $0.92 per share in the same quarter last year, which would indicate a positive year over year growth rate of 30.4%. The firm is expected to announce its next quarterly earnings results on Tuesday, July 20th.

On average, analysts expect that Canadian National Railway will report full year earnings of $4.71 per share for the current fiscal year, with EPS estimates ranging from $4.62 to $4.80. For the next year, analysts forecast that the company will post earnings of $5.35 per share, with EPS estimates ranging from $5.24 to $5.46. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Canadian National Railway.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Sunday, April 25th. The transportation company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.01). The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.57 billion. Canadian National Railway had a net margin of 24.90% and a return on equity of 19.55%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 earnings per share.

CNI has been the subject of several research analyst reports. Benchmark initiated coverage on Canadian National Railway in a research note on Wednesday, January 27th. They issued a “hold” rating for the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on Canadian National Railway from $110.00 to $127.00 in a research note on Monday, January 11th. Bank of America downgraded Canadian National Railway from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 27th. Credit Suisse Group dropped their price target on Canadian National Railway from $125.00 to $122.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Sanford C. Bernstein raised Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Monday, January 11th. Thirteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $128.94.

Several large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in shares of Canadian National Railway by 5.5% in the first quarter. Envestnet Asset Management Inc. now owns 616,384 shares of the transportation company’s stock worth $71,488,000 after acquiring an additional 32,319 shares in the last quarter. Lorne Steinberg Wealth Management Inc. lifted its stake in shares of Canadian National Railway by 34.8% in the first quarter. Lorne Steinberg Wealth Management Inc. now owns 26,107 shares of the transportation company’s stock worth $3,028,000 after acquiring an additional 6,744 shares in the last quarter. White Pine Investment CO lifted its stake in shares of Canadian National Railway by 1.6% in the first quarter. White Pine Investment CO now owns 45,448 shares of the transportation company’s stock worth $5,271,000 after acquiring an additional 715 shares in the last quarter. Raymond James Trust N.A. lifted its stake in shares of Canadian National Railway by 19.4% in the first quarter. Raymond James Trust N.A. now owns 4,865 shares of the transportation company’s stock worth $565,000 after acquiring an additional 791 shares in the last quarter. Finally, Trustcore Financial Services LLC lifted its stake in shares of Canadian National Railway by 6.4% in the first quarter. Trustcore Financial Services LLC now owns 2,500 shares of the transportation company’s stock worth $290,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 54.23% of the company’s stock.

Shares of CNI traded down $0.40 during mid-day trading on Tuesday, hitting $108.71. The company’s stock had a trading volume of 751,035 shares, compared to its average volume of 1,077,128. Canadian National Railway has a 1-year low of $77.20 and a 1-year high of $119.61. The firm has a market capitalization of $77.17 billion, a P/E ratio of 30.48, a P/E/G ratio of 3.36 and a beta of 0.83. The firm has a 50-day simple moving average of $114.89 and a 200 day simple moving average of $110.29. The company has a current ratio of 1.05, a quick ratio of 0.85 and a debt-to-equity ratio of 0.67.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Wednesday, June 9th will be paid a $0.4964 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, June 8th. This represents a $1.99 annualized dividend and a dividend yield of 1.83%. Canadian National Railway’s payout ratio is 41.00%.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Its portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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

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