Canadian National Railway (NYSE:CNI) (TSE:CNR) – Desjardins boosted their Q3 2021 earnings per share (EPS) estimates for Canadian National Railway in a report issued on Sunday, September 19th. Desjardins analyst B. Poirier now expects that the transportation company will post earnings per share of $1.10 for the quarter, up from their prior estimate of $1.08. Desjardins has a “Hold” rating and a $163.00 price target on the stock. Desjardins also issued estimates for Canadian National Railway’s Q4 2021 earnings at $1.22 EPS, FY2021 earnings at $4.38 EPS, FY2022 earnings at $5.29 EPS and FY2023 earnings at $5.84 EPS.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced 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. Canadian National Railway had a net margin of 28.27% and a return on equity of 20.00%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the prior year, the business posted $1.28 earnings per share. Canadian National Railway’s revenue was up 12.1% compared to the same quarter last year.
Canadian National Railway stock opened at $116.33 on Wednesday. The company has a market cap of $82.48 billion, a P/E ratio of 26.38, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. Canadian National Railway has a 1-year low of $98.69 and a 1-year high of $128.41. The company has a fifty day simple moving average of $111.32 and a 200 day simple moving average of $111.10. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 0.60.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 29th. Stockholders of record on Wednesday, September 8th will be issued a $0.4827 dividend. The ex-dividend date is Tuesday, September 7th. This represents a $1.93 annualized dividend and a dividend yield of 1.66%. Canadian National Railway’s dividend payout ratio is currently 48.99%.
Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its holdings in Canadian National Railway by 179.7% in the first quarter. Russell Investments Group Ltd. now owns 1,543,087 shares of the transportation company’s stock valued at $179,032,000 after acquiring an additional 991,313 shares during the last quarter. Swiss National Bank lifted its stake in shares of Canadian National Railway by 5.7% in the second quarter. Swiss National Bank now owns 3,045,058 shares of the transportation company’s stock worth $321,894,000 after acquiring an additional 165,358 shares in the last quarter. Advisory Services Network LLC increased its holdings in Canadian National Railway by 2.9% in the first quarter. Advisory Services Network LLC now owns 8,378 shares of the transportation company’s stock valued at $971,000 after buying an additional 236 shares during the last quarter. K.J. Harrison & Partners Inc increased its holdings in Canadian National Railway by 11.3% in the second quarter. K.J. Harrison & Partners Inc now owns 19,687 shares of the transportation company’s stock valued at $2,079,000 after buying an additional 2,000 shares during the last quarter. Finally, Marino Stram & Associates LLC bought a new stake in Canadian National Railway in the second quarter valued at about $336,000. 56.45% of the stock is owned by hedge funds and other institutional investors.
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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