Canadian National Railway (NYSE:CNI) (TSE:CNR) – Analysts at Seaport Global Securities issued their Q1 2019 EPS estimates for shares of Canadian National Railway in a research note issued to investors on Wednesday, January 30th. Seaport Global Securities analyst M. Levin expects that the transportation company will earn $0.96 per share for the quarter. Seaport Global Securities also issued estimates for Canadian National Railway’s Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $1.27 EPS and Q4 2019 earnings at $1.26 EPS.
Get Canadian National Railway alerts:
Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, January 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.38. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.80 billion. Canadian National Railway had a return on equity of 23.39% and a net margin of 30.19%. Canadian National Railway’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS.
Several other brokerages also recently issued reports on CNI. Zacks Investment Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Monday, November 19th. Credit Suisse Group upgraded Canadian National Railway from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $90.00 to $95.00 in a research note on Tuesday, January 15th. Bank of America downgraded Canadian National Railway from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. Raymond James reissued a “buy” rating on shares of Canadian National Railway in a report on Tuesday, December 11th. Finally, Macquarie cut Canadian National Railway from an “outperform” rating to a “neutral” rating in a research report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Canadian National Railway currently has a consensus rating of “Hold” and a consensus price target of $92.16.
Shares of NYSE CNI opened at $83.52 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.72 and a quick ratio of 0.58. Canadian National Railway has a twelve month low of $70.36 and a twelve month high of $91.90. The company has a market capitalization of $60.85 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.88 and a beta of 1.04.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be issued a dividend of $0.4026 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.35. Canadian National Railway’s payout ratio is 32.93%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. OLD National Bancorp IN increased its position in shares of Canadian National Railway by 6.1% during the fourth quarter. OLD National Bancorp IN now owns 6,874 shares of the transportation company’s stock worth $509,000 after acquiring an additional 394 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in shares of Canadian National Railway by 18.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 58,000 shares of the transportation company’s stock valued at $4,298,000 after buying an additional 9,000 shares in the last quarter. Intercontinental Wealth Advisors LLC bought a new stake in Canadian National Railway during the 4th quarter worth approximately $30,000. Banque Pictet & Cie SA bought a new stake in Canadian National Railway during the 4th quarter worth approximately $2,385,000. Finally, Pictet & Cie Europe SA bought a new position in shares of Canadian National Railway in the 4th quarter worth $318,000. 54.29% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Article: What is Liquidity?