Zacks: Brokerages Anticipate Canadian National Railway (NYSE:CNI) Will Announce Earnings of $1.37 Per Share

Equities analysts predict that Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) will post earnings of $1.37 per share for the current quarter, according to Zacks. Six analysts have made estimates for Canadian National Railway’s earnings. The highest EPS estimate is $1.69 and the lowest is $1.24. Canadian National Railway reported earnings of $1.21 per share in the same quarter last year, which indicates a positive year over year growth rate of 13.2%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Canadian National Railway will report full year earnings of $5.57 per share for the current financial year, with EPS estimates ranging from $5.32 to $6.90. For the next fiscal year, analysts anticipate that the business will post earnings of $6.26 per share, with EPS estimates ranging from $5.90 to $7.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Canadian National Railway.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last issued its quarterly earnings results on Tuesday, April 26th. The transportation company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.04). The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.67 billion. Canadian National Railway had a return on equity of 19.71% and a net margin of 33.00%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS.

CNI has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Canadian National Railway from C$171.00 to C$159.00 in a research report on Friday, April 8th. Raymond James downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research report on Friday, April 22nd. StockNews.com initiated coverage on shares of Canadian National Railway in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Canadian National Railway from $137.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, January 27th. Finally, Scotiabank dropped their target price on shares of Canadian National Railway from C$174.00 to C$172.00 in a research report on Wednesday, April 27th. Eighteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $147.76.

Shares of NYSE CNI traded down $0.66 during midday trading on Friday, reaching $110.62. The stock had a trading volume of 3,275,120 shares, compared to its average volume of 1,480,127. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 0.84. Canadian National Railway has a twelve month low of $100.66 and a twelve month high of $137.19. The company’s 50 day moving average price is $125.12 and its 200 day moving average price is $125.40. The firm has a market cap of $76.58 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.89 and a beta of 0.85.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 9th will be paid a $0.586 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, June 8th. This represents a $2.34 annualized dividend and a dividend yield of 2.12%. Canadian National Railway’s dividend payout ratio is presently 42.10%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. TCI Fund Management Ltd. grew its stake in shares of Canadian National Railway by 21.9% in the 3rd quarter. TCI Fund Management Ltd. now owns 36,699,825 shares of the transportation company’s stock worth $4,246,357,000 after acquiring an additional 6,592,022 shares in the last quarter. Vanguard Group Inc. grew its position in Canadian National Railway by 2.8% during the first quarter. Vanguard Group Inc. now owns 20,007,681 shares of the transportation company’s stock valued at $2,683,831,000 after buying an additional 554,280 shares during the period. Bank of New York Mellon Corp grew its position in Canadian National Railway by 19.7% during the first quarter. Bank of New York Mellon Corp now owns 14,423,818 shares of the transportation company’s stock valued at $1,934,812,000 after buying an additional 2,376,082 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in Canadian National Railway by 5.3% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,333,700 shares of the transportation company’s stock valued at $1,655,948,000 after buying an additional 625,000 shares during the period. Finally, Mackenzie Financial Corp grew its position in Canadian National Railway by 34.4% during the first quarter. Mackenzie Financial Corp now owns 10,912,725 shares of the transportation company’s stock valued at $1,466,162,000 after buying an additional 2,796,065 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Canadian National Railway Company Profile (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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