Canadian National Railway (CNI) Set to Announce Quarterly Earnings on Tuesday

Canadian National Railway (NYSE:CNI) (TSE:CNR) will release its earnings data after the market closes on Tuesday, October 22nd. Analysts expect Canadian National Railway to post earnings of $1.44 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. Canadian National Railway’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts expect Canadian National Railway to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Canadian National Railway Price Performance

CNI opened at $113.62 on Monday. The stock has a 50-day moving average price of $115.94 and a 200-day moving average price of $120.02. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $71.56 billion, a P/E ratio of 18.21, a PEG ratio of 2.53 and a beta of 0.88.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.614 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, September 6th. Canadian National Railway’s payout ratio is currently 39.26%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CNI. Evercore ISI cut their price objective on Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating for the company in a report on Wednesday, September 25th. Scotiabank upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Susquehanna cut their target price on shares of Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. Finally, Citigroup began coverage on shares of Canadian National Railway in a research report on Wednesday, October 9th. They set a “neutral” rating and a $125.00 price target for the company. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $126.02.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.