$3.07 Billion in Sales Expected for Canadian National Railway (NYSE:CNI) This Quarter

Equities research analysts predict that Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) will report sales of $3.07 billion for the current quarter, Zacks reports. Six analysts have made estimates for Canadian National Railway’s earnings, with the lowest sales estimate coming in at $2.97 billion and the highest estimate coming in at $3.17 billion. Canadian National Railway posted sales of $2.93 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Canadian National Railway will report full year sales of $12.42 billion for the current year, with estimates ranging from $12.22 billion to $12.71 billion. For the next fiscal year, analysts anticipate that the company will post sales of $13.10 billion, with estimates ranging from $12.84 billion to $13.53 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Canadian National Railway.

Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) last issued its earnings results on Tuesday, April 26th. The transportation company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.04). The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.67 billion. Canadian National Railway had a net margin of 33.00% and a return on equity of 19.71%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS.

A number of analysts have issued reports on the company. National Bank Financial reduced their price objective on Canadian National Railway from C$172.00 to C$168.00 in a research note on Friday, April 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Canadian National Railway from $137.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, January 27th. CIBC lifted their price objective on Canadian National Railway from C$165.00 to C$169.00 in a research note on Thursday, April 14th. StockNews.com assumed coverage on Canadian National Railway in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Argus raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Thursday, February 17th. They noted that the move was a valuation call. Eighteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $147.76.

A number of institutional investors and hedge funds have recently bought and sold shares of CNI. Truist Financial Corp boosted its holdings in Canadian National Railway by 0.9% during the 3rd quarter. Truist Financial Corp now owns 41,454 shares of the transportation company’s stock valued at $4,794,000 after acquiring an additional 362 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Canadian National Railway by 9.1% in the 3rd quarter. Advisory Services Network LLC now owns 8,671 shares of the transportation company’s stock worth $1,002,000 after buying an additional 723 shares during the period. JFS Wealth Advisors LLC purchased a new stake in shares of Canadian National Railway in the 3rd quarter worth $79,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Canadian National Railway in the 3rd quarter worth $208,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Canadian National Railway by 287.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 5,799 shares of the transportation company’s stock worth $520,000 after buying an additional 4,301 shares during the period. Institutional investors own 70.92% of the company’s stock.

CNI traded down $0.66 on Monday, hitting $110.62. 3,275,120 shares of the company’s stock traded hands, compared to its average volume of 1,480,127. The company’s 50 day simple moving average is $125.12 and its 200-day simple moving average is $125.40. The firm has a market cap of $76.58 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 1.89 and a beta of 0.85. Canadian National Railway has a one year low of $100.66 and a one year high of $137.19. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, June 9th will be issued a dividend of $0.586 per share. The ex-dividend date is Wednesday, June 8th. This represents a $2.34 dividend on an annualized basis and a yield of 2.12%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s payout ratio is presently 42.10%.

Canadian National Railway Company Profile (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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