Zacks: Brokerages Anticipate Canadian National Railway (NYSE:CNI) to Post $1.21 Earnings Per Share

Wall Street brokerages forecast that Canadian National Railway (NYSE:CNI) (TSE:CNR) will report earnings of $1.21 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Canadian National Railway’s earnings. The lowest EPS estimate is $1.08 and the highest is $1.26. Canadian National Railway posted earnings of $1.04 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.3%. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, October 19th.

On average, analysts expect that Canadian National Railway will report full-year earnings of $4.64 per share for the current year, with EPS estimates ranging from $4.31 to $4.73. For the next year, analysts expect that the business will post earnings of $5.26 per share, with EPS estimates ranging from $5.05 to $5.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Canadian National Railway.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Monday, July 19th. The transportation company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.01. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.63 billion. Canadian National Railway had a net margin of 28.27% and a return on equity of 20.00%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 EPS.

Several research firms have commented on CNI. Cowen decreased their target price on shares of Canadian National Railway from $114.00 to $110.00 and set a “market perform” rating for the company in a research report on Wednesday, July 21st. National Bank Financial decreased their target price on shares of Canadian National Railway from C$140.00 to C$139.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 21st. TD Securities downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $165.00 target price for the company. in a research report on Tuesday. Loop Capital downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $157.00 target price for the company. in a research report on Wednesday, September 1st. Finally, Credit Suisse Group decreased their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “outperform” rating for the company in a research report on Wednesday, July 21st. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Canadian National Railway has an average rating of “Buy” and an average target price of $137.35.

A number of large investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its stake in Canadian National Railway by 1.4% during the 1st quarter. Bessemer Group Inc. now owns 6,798 shares of the transportation company’s stock valued at $787,000 after purchasing an additional 94 shares during the last quarter. ICW Investment Advisors LLC raised its stake in shares of Canadian National Railway by 0.9% in the 1st quarter. ICW Investment Advisors LLC now owns 12,416 shares of the transportation company’s stock valued at $1,440,000 after buying an additional 107 shares in the last quarter. Dempze Nancy E raised its stake in shares of Canadian National Railway by 0.4% in the 2nd quarter. Dempze Nancy E now owns 30,996 shares of the transportation company’s stock valued at $3,271,000 after buying an additional 110 shares in the last quarter. South State CORP. raised its stake in shares of Canadian National Railway by 4.3% in the 1st quarter. South State CORP. now owns 2,775 shares of the transportation company’s stock valued at $322,000 after buying an additional 114 shares in the last quarter. Finally, Bristol Gate Capital Partners Inc. raised its stake in shares of Canadian National Railway by 1.5% in the 1st quarter. Bristol Gate Capital Partners Inc. now owns 9,585 shares of the transportation company’s stock valued at $1,112,000 after buying an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 56.45% of the company’s stock.

Canadian National Railway stock traded down $1.50 during trading hours on Thursday, hitting $115.80. The company had a trading volume of 2,681,539 shares, compared to its average volume of 1,746,116. The firm has a market capitalization of $82.10 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.76. The firm’s fifty day moving average is $110.11 and its 200-day moving average is $110.91. Canadian National Railway has a fifty-two week low of $98.69 and a fifty-two week high of $128.41.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Wednesday, September 8th will be paid a dividend of $0.4827 per share. This represents a $1.93 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, September 7th. Canadian National Railway’s payout ratio is currently 48.99%.

Canadian National Railway Company Profile

Canadian National Railway Co engages in rail and related transportation business. The firm’s services include rail, intermodal, trucking, supply chain services, business development and maps and network. It offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.

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