Analysts expect that Canadian National Railway (NYSE:CNI) (TSE:CNR) will announce sales of $2.88 billion for the current quarter, Zacks reports. Six analysts have provided estimates for Canadian National Railway’s earnings, with estimates ranging from $2.83 billion to $2.96 billion. Canadian National Railway reported sales of $2.57 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.1%. The company is scheduled to report its next earnings report on Tuesday, January 22nd.

According to Zacks, analysts expect that Canadian National Railway will report full-year sales of $10.92 billion for the current fiscal year, with estimates ranging from $10.82 billion to $11.12 billion. For the next year, analysts anticipate that the firm will post sales of $11.74 billion, with estimates ranging from $11.47 billion to $12.05 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for 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 EPS for the quarter, beating the consensus estimate of $1.12 by $0.38. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.58 billion. Canadian National Railway had a return on equity of 22.67% and a net margin of 42.06%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 earnings per share.

Several equities analysts have commented on CNI shares. Deutsche Bank raised their price objective on Canadian National Railway from $96.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. Cowen reissued an “outperform” rating and set a $96.00 price objective (down previously from $98.00) on shares of Canadian National Railway in a research report on Wednesday, October 24th. Zacks Investment Research lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. BMO Capital Markets lowered 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. Finally, Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Tuesday, September 25th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $92.07.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Partners LLC increased its holdings in Canadian National Railway by 17.4% in the 3rd quarter. Advisor Partners LLC now owns 3,998 shares of the transportation company’s stock worth $359,000 after buying an additional 593 shares in the last quarter. Baskin Financial Services Inc. increased its holdings in Canadian National Railway by 6.5% in the 3rd quarter. Baskin Financial Services Inc. now owns 10,722 shares of the transportation company’s stock worth $961,000 after buying an additional 650 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Canadian National Railway by 0.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 107,509 shares of the transportation company’s stock worth $9,654,000 after buying an additional 660 shares in the last quarter. Captrust Financial Advisors increased its holdings in Canadian National Railway by 23.2% in the 3rd quarter. Captrust Financial Advisors now owns 3,520 shares of the transportation company’s stock worth $316,000 after buying an additional 664 shares in the last quarter. Finally, Gluskin Sheff & Assoc Inc. increased its holdings in Canadian National Railway by 4.4% in the 3rd quarter. Gluskin Sheff & Assoc Inc. now owns 15,912 shares of the transportation company’s stock worth $1,428,000 after buying an additional 670 shares in the last quarter. 54.24% of the stock is owned by hedge funds and other institutional investors.

Shares of Canadian National Railway stock opened at $78.87 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 0.57. The firm has a market cap of $57.43 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.02 and a beta of 0.96. Canadian National Railway has a 12 month low of $70.59 and a 12 month high of $91.90.

The business also recently declared 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 1.76%. The ex-dividend date of this dividend is Thursday, December 6th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.34. Canadian National Railway’s payout ratio is currently 35.68%.

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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