Zacks: Analysts Anticipate Canadian National Railway (CNI) Will Post Quarterly Sales of $2.56 Billion
Wall Street brokerages predict that Canadian National Railway (NYSE:CNI) (TSE:CNR) will report $2.56 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Canadian National Railway’s earnings, with the highest sales estimate coming in at $2.71 billion and the lowest estimate coming in at $2.48 billion. Canadian National Railway reported sales of $2.43 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The company is scheduled to report its next earnings results on Monday, April 23rd.
On average, analysts expect that Canadian National Railway will report full-year sales of $2.56 billion for the current fiscal year, with estimates ranging from $10.54 billion to $11.24 billion. For the next financial year, analysts expect that the company will report sales of $11.52 billion per share, with estimates ranging from $11.10 billion to $11.97 billion. Zacks’ sales 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 posted its earnings results on Tuesday, January 23rd. The transportation company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.04). Canadian National Railway had a net margin of 42.25% and a return on equity of 24.62%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.61 billion.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors bought a new stake in Canadian National Railway during the fourth quarter worth about $142,000. Delpha Capital Management LLC bought a new stake in Canadian National Railway during the fourth quarter worth about $143,000. Goodman Financial Corp bought a new stake in Canadian National Railway during the fourth quarter worth about $165,000. We Are One Seven LLC bought a new stake in Canadian National Railway during the fourth quarter worth about $192,000. Finally, Security National Bank of SO Dak bought a new stake in Canadian National Railway during the third quarter worth about $203,000. Institutional investors and hedge funds own 55.36% of the company’s stock.
Canadian National Railway (CNI) opened at $74.32 on Wednesday. Canadian National Railway has a 52 week low of $71.02 and a 52 week high of $85.73. The company has a quick ratio of 0.44, a current ratio of 0.55 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $55,426.58, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 8th will be issued a $0.3665 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, March 7th. Canadian National Railway’s payout ratio is 26.06%.
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About Canadian National Railway
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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