Cormark Analysts Decrease Earnings Estimates for Canadian National Railway (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Investment analysts at Cormark dropped their Q1 2018 earnings per share estimates for shares of Canadian National Railway in a report issued on Tuesday, April 10th, Zacks Investment Research reports. Cormark analyst D. Tyerman now forecasts that the transportation company will post earnings per share of $0.78 for the quarter, down from their previous estimate of $0.89. Cormark also issued estimates for Canadian National Railway’s Q2 2018 earnings at $1.07 EPS, Q4 2018 earnings at $1.12 EPS, FY2018 earnings at $4.13 EPS, Q1 2019 earnings at $0.97 EPS, Q2 2019 earnings at $1.22 EPS, Q3 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.22 EPS, FY2019 earnings at $4.68 EPS, FY2020 earnings at $5.17 EPS, FY2021 earnings at $5.74 EPS and FY2022 earnings at $6.28 EPS.

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Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.94 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.04). The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.61 billion. Canadian National Railway had a net margin of 42.25% and a return on equity of 24.62%.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a report on Monday, January 15th. Argus downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. Credit Suisse Group cut their target price on shares of Canadian National Railway from $85.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Seaport Global Securities reissued a “neutral” rating on shares of Canadian National Railway in a research note on Friday, March 23rd. Finally, Cowen reissued an “outperform” rating and issued a $90.00 target price (up previously from $88.00) on shares of Canadian National Railway in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $82.35.

Shares of CNI opened at $76.19 on Wednesday. The firm has a market capitalization of $55,950.59, a price-to-earnings ratio of 19.53, a P/E/G ratio of 2.01 and a beta of 1.04. Canadian National Railway has a fifty-two week low of $70.59 and a fifty-two week high of $85.73. The company has a current ratio of 0.55, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 8th were paid a dividend of $0.3665 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $1.47 annualized dividend and a yield of 1.92%. Canadian National Railway’s payout ratio is 36.72%.

Institutional investors have recently added to or reduced their stakes in the stock. ING Groep NV purchased a new stake in Canadian National Railway during the 4th quarter worth $3,328,000. Dempze Nancy E increased its position in shares of Canadian National Railway by 16.7% in the 4th quarter. Dempze Nancy E now owns 29,354 shares of the transportation company’s stock worth $2,420,000 after purchasing an additional 4,193 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Canadian National Railway in the 4th quarter worth about $6,098,000. Investec Asset Management LTD increased its position in shares of Canadian National Railway by 7.2% in the 4th quarter. Investec Asset Management LTD now owns 591,737 shares of the transportation company’s stock worth $48,818,000 after purchasing an additional 39,919 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its position in shares of Canadian National Railway by 4.4% in the 4th quarter. State of Wisconsin Investment Board now owns 670,086 shares of the transportation company’s stock worth $55,433,000 after purchasing an additional 28,000 shares during the last quarter. 55.20% of the stock is currently owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for Canadian National Railway (NYSE:CNI)

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