Wall Street brokerages expect Canadian National Railway (NYSE:CNI) (TSE:CNR) to announce $2.95 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Canadian National Railway’s earnings. The highest sales estimate is $3.03 billion and the lowest is $2.82 billion. Canadian National Railway reported sales of $2.81 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5%. The company is expected to issue its next quarterly earnings results after the market closes on Tuesday, July 23rd.
According to Zacks, analysts expect that Canadian National Railway will report full year sales of $11.72 billion for the current fiscal year, with estimates ranging from $11.51 billion to $11.91 billion. For the next fiscal year, analysts expect that the business will post sales of $12.48 billion, with estimates ranging from $12.16 billion to $12.78 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Canadian National Railway.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Monday, April 29th. The transportation company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.28. The firm had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Canadian National Railway had a return on equity of 23.64% and a net margin of 29.86%. Canadian National Railway’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS.
A number of equities analysts have weighed in on the company. Goldman Sachs Group cut EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a report on Wednesday. BMO Capital Markets upped their price target on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 in a report on Tuesday, April 30th. Citigroup set a $20.00 price target on Compania de Minas Buenaventura SAA and gave the stock a “buy” rating in a report on Thursday, April 4th. Desjardins cut Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Finally, Macquarie set a $52.00 price target on Southwest Airlines and gave the stock a “hold” rating in a report on Thursday, March 28th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Canadian National Railway currently has an average rating of “Hold” and a consensus price target of $98.03.
NYSE CNI traded up $0.11 on Friday, reaching $93.70. The company had a trading volume of 531,130 shares, compared to its average volume of 896,681. The firm has a market capitalization of $67.46 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.95 and a beta of 1.01. Canadian National Railway has a 1 year low of $70.36 and a 1 year high of $95.11. The firm’s 50-day moving average is $91.99. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 0.69.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were paid a dividend of $0.3982 per share. This represents a $1.59 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, June 6th. Canadian National Railway’s dividend payout ratio (DPR) is currently 38.94%.
Institutional investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP raised its position in shares of Canadian National Railway by 46.8% during the 4th quarter. Two Sigma Advisers LP now owns 78,172 shares of the transportation company’s stock valued at $5,795,000 after acquiring an additional 24,911 shares in the last quarter. One Wealth Advisors LLC raised its position in shares of Canadian National Railway by 4.6% during the 4th quarter. One Wealth Advisors LLC now owns 3,424 shares of the transportation company’s stock valued at $254,000 after acquiring an additional 151 shares in the last quarter. Cetera Advisor Networks LLC raised its position in shares of Canadian National Railway by 15.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 6,369 shares of the transportation company’s stock valued at $571,000 after acquiring an additional 830 shares in the last quarter. Triangle Securities Wealth Management acquired a new stake in shares of Canadian National Railway during the 1st quarter valued at approximately $729,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Canadian National Railway by 5.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 41,188 shares of the transportation company’s stock valued at $3,666,000 after acquiring an additional 2,271 shares in the last quarter. Institutional investors own 54.29% of the company’s stock.
Canadian National Railway Company Profile
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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