Wall Street brokerages predict that Canadian National Railway (NYSE:CNI) (TSE:CNR) will announce sales of $2.89 billion for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Canadian National Railway’s earnings. The lowest sales estimate is $2.83 billion and the highest is $2.97 billion. Canadian National Railway reported sales of $2.57 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The company is scheduled to announce its next quarterly earnings report on Tuesday, January 22nd.

According to Zacks, analysts expect that Canadian National Railway will report full-year sales of $10.94 billion for the current fiscal year, with estimates ranging from $10.82 billion to $11.12 billion. For the next financial year, analysts expect that the company will post sales of $11.75 billion, with estimates ranging from $11.47 billion to $12.11 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Canadian National Railway.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.38. Canadian National Railway had a net margin of 42.06% and a return on equity of 22.67%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year.

Several research analysts have commented on CNI shares. Bank of America cut shares of Canadian National Railway from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Tuesday, September 25th. Zacks Investment Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Wednesday, October 10th. Credit Suisse Group lifted their target price on Canadian National Railway from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, October 24th. Finally, BMO Capital Markets downgraded Canadian National Railway from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $91.53.

Several institutional investors have recently made changes to their positions in CNI. Cornerstone Wealth Management LLC bought a new position in shares of Canadian National Railway in the second quarter valued at approximately $235,000. Jag Capital Management LLC lifted its holdings in shares of Canadian National Railway by 2.7% during the 2nd quarter. Jag Capital Management LLC now owns 23,005 shares of the transportation company’s stock valued at $1,881,000 after purchasing an additional 603 shares during the last quarter. Compass Capital Management Inc. purchased a new stake in shares of Canadian National Railway during the 2nd quarter valued at $207,000. Creative Planning lifted its holdings in shares of Canadian National Railway by 11.6% during the 2nd quarter. Creative Planning now owns 18,605 shares of the transportation company’s stock valued at $1,521,000 after purchasing an additional 1,934 shares during the last quarter. Finally, CAPROCK Group Inc. lifted its holdings in shares of Canadian National Railway by 32.9% during the 2nd quarter. CAPROCK Group Inc. now owns 3,650 shares of the transportation company’s stock valued at $298,000 after purchasing an additional 903 shares during the last quarter. Institutional investors and hedge funds own 53.77% of the company’s stock.

Shares of CNI traded down $2.22 during midday trading on Friday, hitting $84.05. The stock had a trading volume of 255,715 shares, compared to its average volume of 1,299,602. Canadian National Railway has a fifty-two week low of $70.59 and a fifty-two week high of $91.90. The stock has a market cap of $62.54 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.20 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.72 and a quick ratio of 0.58.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 7th will be given a $0.3477 dividend. This represents a $1.39 annualized dividend and a dividend yield of 1.65%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, December 6th. Canadian National Railway’s payout ratio is presently 35.94%.

About Canadian National Railway

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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