Wall Street brokerages forecast that Canadian National Railway (NYSE:CNI) (TSE:CNR) will report earnings of $0.97 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Canadian National Railway’s earnings. The lowest EPS estimate is $0.95 and the highest is $1.04. Canadian National Railway posted earnings per share of $0.93 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The company is expected to report its next quarterly earnings report after the market closes on Tuesday, January 23rd.
On average, analysts expect that Canadian National Railway will report full-year earnings of $3.96 per share for the current year, with EPS estimates ranging from $3.87 to $4.07. For the next year, analysts anticipate that the business will post earnings of $4.32 per share, with EPS estimates ranging from $4.12 to $4.47. Zacks Investment Research’s earnings per share averages 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 posted its earnings results on Tuesday, October 24th. The transportation company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Canadian National Railway had a return on equity of 25.57% and a net margin of 29.98%.
Shares of Canadian National Railway (NYSE CNI) opened at $80.79 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.61 and a quick ratio of 0.49. The company has a market capitalization of $60,105.81, a PE ratio of 20.72, a P/E/G ratio of 2.00 and a beta of 1.09. Canadian National Railway has a 52-week low of $68.27 and a 52-week high of $85.73.
Canadian National Railway announced that its Board of Directors has initiated a share repurchase plan on Tuesday, October 24th that authorizes the company to buyback 31,000,000 outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were given a dividend of $0.3304 per share. The ex-dividend date was Thursday, December 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. This represents a $1.32 dividend on an annualized basis and a yield of 1.64%. Canadian National Railway’s dividend payout ratio is 33.59%.
A number of hedge funds have recently modified their holdings of CNI. Ameriprise Financial Inc. raised its position in Canadian National Railway by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 295,305 shares of the transportation company’s stock valued at $23,942,000 after purchasing an additional 27,518 shares during the period. D.A. Davidson & CO. raised its position in Canadian National Railway by 11.7% during the second quarter. D.A. Davidson & CO. now owns 11,430 shares of the transportation company’s stock valued at $926,000 after purchasing an additional 1,193 shares during the period. Vanguard Group Inc. grew its stake in shares of Canadian National Railway by 15.5% during the second quarter. Vanguard Group Inc. now owns 16,793,837 shares of the transportation company’s stock valued at $1,361,140,000 after buying an additional 2,251,612 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Canadian National Railway by 3.7% during the second quarter. MML Investors Services LLC now owns 18,219 shares of the transportation company’s stock valued at $1,477,000 after buying an additional 657 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Canadian National Railway by 4.5% during the second quarter. M&T Bank Corp now owns 41,713 shares of the transportation company’s stock valued at $3,380,000 after buying an additional 1,806 shares during the last quarter. Institutional investors and hedge funds own 53.73% of the company’s stock.
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Canadian National Railway Company Profile
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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