Canadian National Stock – Canadian National Railway (CNI) to Release Earnings on Monday
Canadian National Railway (NYSE:CNI) (TSE:CNR) is set to post its quarterly earnings results after the market closes on Monday, April 26th. Analysts expect Canadian National Railway to post earnings of $1.02 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Monday, January 25th. The transportation company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.01. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Canadian National Railway had a return on equity of 19.55% and a net margin of 24.90%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share. On average, analysts expect Canadian National Railway to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of Canadian National Railway stock opened at $118.77 on Monday. Canadian National Railway has a 12 month low of $75.88 and a 12 month high of $119.35. The firm has a market capitalization of $84.31 billion, a P/E ratio of 33.18, a P/E/G ratio of 3.36 and a beta of 0.83. The company has a current ratio of 1.05, a quick ratio of 0.85 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $115.24 and a two-hundred day simple moving average of $110.09.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Wednesday, March 10th were given a $0.4803 dividend. The ex-dividend date was Tuesday, March 9th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.62%. Canadian National Railway’s dividend payout ratio is currently 41.00%.
Several research firms recently commented on CNI. Credit Suisse Group dropped their price objective on shares of Canadian National Railway from $124.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 27th. Scotiabank raised their price objective on Canadian National Railway from $140.00 to $145.00 and gave the company a “sector perform” rating in a research report on Friday, April 9th. Sanford C. Bernstein upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Monday, January 11th. Smith Barney Citigroup increased their target price on Canadian National Railway from $110.00 to $127.00 in a research note on Monday, January 11th. Finally, Benchmark started coverage on Canadian National Railway in a research report on Wednesday, January 27th. They issued a “hold” rating for the company. Sixteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Canadian National Railway presently has an average rating of “Hold” and an average price target of $121.47.
Canadian National Railway Company Profile
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Its 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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