Canadian National Railway (NYSE:CNI) Forecasted to Post Q4 2019 Earnings of $1.11 Per Share

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Desjardins issued their Q4 2019 EPS estimates for Canadian National Railway in a research note issued to investors on Wednesday, October 23rd. Desjardins analyst B. Poirier forecasts that the transportation company will post earnings per share of $1.11 for the quarter. Desjardins also issued estimates for Canadian National Railway’s FY2021 earnings at $5.46 EPS.

A number of other research analysts have also recently issued reports on the stock. CIBC reaffirmed a “hold” rating and issued a $119.00 price target on shares of Canadian National Railway in a report on Wednesday, October 23rd. Goldman Sachs Group started coverage on shares of Canadian National Railway in a report on Wednesday, July 10th. They issued a “neutral” rating and a $97.00 price target for the company. Wells Fargo & Co started coverage on shares of Canadian National Railway in a report on Monday. They issued a “market perform” rating for the company. Stephens cut shares of Canadian National Railway from an “overweight” rating to an “equal” rating and decreased their price target for the stock from $100.00 to $97.00 in a report on Tuesday, October 1st. Finally, Royal Bank of Canada set a $137.00 price target on shares of Canadian National Railway and gave the stock a “hold” rating in a report on Friday, September 13th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $103.49.

NYSE CNI opened at $89.90 on Monday. The company has a fifty day simple moving average of $88.63 and a two-hundred day simple moving average of $91.55. The stock has a market cap of $63.96 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.95 and a beta of 1.01. Canadian National Railway has a 12-month low of $70.36 and a 12-month high of $96.49. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 0.65.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.39. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Canadian National Railway had a net margin of 29.62% and a return on equity of 24.36%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.50 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a $0.406 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.81%. Canadian National Railway’s payout ratio is currently 39.18%.

Large investors have recently added to or reduced their stakes in the company. Atwater Malick LLC increased its stake in shares of Canadian National Railway by 0.5% in the second quarter. Atwater Malick LLC now owns 50,069 shares of the transportation company’s stock worth $4,630,000 after acquiring an additional 249 shares during the period. Cidel Asset Management Inc. increased its stake in shares of Canadian National Railway by 0.4% in the second quarter. Cidel Asset Management Inc. now owns 844,210 shares of the transportation company’s stock worth $78,300,000 after acquiring an additional 3,310 shares during the period. Capital Bank & Trust Co increased its stake in shares of Canadian National Railway by 3.7% in the second quarter. Capital Bank & Trust Co now owns 108,414 shares of the transportation company’s stock worth $9,979,000 after acquiring an additional 3,880 shares during the period. Schroder Investment Management Group increased its stake in shares of Canadian National Railway by 26.4% in the second quarter. Schroder Investment Management Group now owns 922,553 shares of the transportation company’s stock worth $111,814,000 after acquiring an additional 192,482 shares during the period. Finally, AMP Capital Investors Ltd increased its stake in shares of Canadian National Railway by 2.7% in the second quarter. AMP Capital Investors Ltd now owns 445,226 shares of the transportation company’s stock worth $40,872,000 after acquiring an additional 11,663 shares during the period. Hedge funds and other institutional investors own 53.12% of the company’s stock.

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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