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.
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.
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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