Canadian National Railway (CNR) Set to Announce Earnings on Tuesday

Canadian National Railway (TSE:CNR) (NYSE:CNI) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of C$1.97 per share for the quarter.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The company had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.40 billion.

Canadian National Railway Price Performance

Shares of CNR opened at C$156.84 on Monday. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The stock has a market cap of C$98.73 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The firm has a fifty day moving average price of C$157.17 and a 200 day moving average price of C$164.56.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a $0.845 dividend. The ex-dividend date was Friday, September 6th. This represents a $3.38 dividend on an annualized basis and a yield of 2.16%. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insiders Place Their Bets

In related news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the stock in a transaction on Friday, July 26th. The shares were bought at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of Canadian National Railway stock in a transaction on Friday, July 26th. The shares were bought at an average price of C$115.29 per share, with a total value of C$300,906.90. Also, Director Shauneen Elizabeth Bruder purchased 543 shares of Canadian National Railway stock in a transaction on Wednesday, September 25th. The stock was acquired at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. Over the last three months, insiders have purchased 4,383 shares of company stock worth $585,772. 2.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CNR has been the subject of a number of research reports. Citigroup raised shares of Canadian National Railway to a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$169.00 to C$179.00 in a report on Thursday, October 10th. UBS Group reduced their target price on shares of Canadian National Railway from C$202.00 to C$189.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their target price on shares of Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating for the company in a report on Tuesday, October 8th. Finally, Raymond James reduced their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$175.14.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.