Analysts Anticipate Canadian National Railway Company (CNI) to Announce $1.08 Earnings Per Share
Wall Street analysts forecast that Canadian National Railway Company (NYSE:CNI) (TSE:CNR) will post earnings of $1.08 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Canadian National Railway’s earnings, with the highest EPS estimate coming in at $1.12 and the lowest estimate coming in at $1.02. Canadian National Railway reported earnings per share of $0.96 during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, October 24th.
On average, analysts expect that Canadian National Railway will report full-year earnings of $4.09 per share for the current financial year, with EPS estimates ranging from $3.95 to $4.19. For the next financial year, analysts expect that the firm will report earnings of $4.48 per share, with EPS estimates ranging from $4.30 to $4.62. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Canadian National Railway.
CNI has been the subject of a number of research reports. BidaskClub upgraded Canadian National Railway from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Tuesday, July 11th. Stifel Nicolaus increased their price target on Canadian National Railway from $74.00 to $79.00 and gave the company a “hold” rating in a report on Thursday, June 15th. Credit Suisse Group restated a “neutral” rating on shares of Canadian National Railway in a report on Friday, July 28th. Finally, Cowen and Company restated a “buy” rating and set a $83.00 price target on shares of Canadian National Railway in a report on Sunday, September 24th. Fifteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Canadian National Railway has a consensus rating of “Hold” and an average price target of $82.47.
Canadian National Railway (CNI) traded down 0.21% on Tuesday, hitting $80.45. 1,345,170 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $81.11 and a 200-day moving average price of $78.39. Canadian National Railway has a 12 month low of $61.72 and a 12 month high of $84.48. The stock has a market cap of $60.42 billion, a P/E ratio of 19.23 and a beta of 1.13.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were paid a $0.3276 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, September 7th. This represents a $1.31 dividend on an annualized basis and a yield of 1.63%. Canadian National Railway’s dividend payout ratio (DPR) is presently 34.38%.
A number of hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in Canadian National Railway by 7.9% in the first quarter. Wellington Management Group LLP now owns 30,335,430 shares of the transportation company’s stock worth $2,236,347,000 after purchasing an additional 2,227,390 shares during the period. TD Asset Management Inc. increased its stake in Canadian National Railway by 4.1% in the second quarter. TD Asset Management Inc. now owns 18,836,822 shares of the transportation company’s stock worth $1,526,012,000 after purchasing an additional 740,664 shares during the period. Vanguard Group Inc. increased its stake in Canadian National Railway by 15.5% in the second quarter. Vanguard Group Inc. now owns 16,793,837 shares of the transportation company’s stock worth $1,361,140,000 after purchasing an additional 2,251,612 shares during the period. FMR LLC grew its position in shares of Canadian National Railway by 0.8% during the 1st quarter. FMR LLC now owns 15,656,372 shares of the transportation company’s stock worth $1,155,641,000 after buying an additional 121,762 shares in the last quarter. Finally, Harding Loevner LP grew its position in shares of Canadian National Railway by 7.4% during the 2nd quarter. Harding Loevner LP now owns 6,159,203 shares of the transportation company’s stock worth $499,203,000 after buying an additional 422,533 shares in the last quarter. Institutional investors and hedge funds own 54.45% of the company’s stock.
Canadian National Railway Company Profile
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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