Analysts expect that Canadian National Railway (NYSE:CNI) (TSE:CNR) will report $2.72 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Canadian National Railway’s earnings. The lowest sales estimate is $2.70 billion and the highest is $2.76 billion. Canadian National Railway reported sales of $2.58 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.4%. The business is scheduled to announce its next earnings results after the market closes on Tuesday, October 23rd.

According to Zacks, analysts expect that Canadian National Railway will report full-year sales of $10.79 billion for the current fiscal year, with estimates ranging from $10.66 billion to $10.97 billion. For the next financial year, analysts forecast that the firm will post sales of $11.57 billion, with estimates ranging from $11.11 billion to $12.04 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Canadian National Railway.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 24th. The transportation company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.46. Canadian National Railway had a return on equity of 22.90% and a net margin of 42.08%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the company earned $1.34 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis.

A number of brokerages have recently commented on CNI. Zacks Investment Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research note on Monday, July 30th. BMO Capital Markets cut Canadian National Railway from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 5th. They noted that the move was a valuation call. Cowen reiterated a “buy” rating and issued a $98.00 price target on shares of Canadian National Railway in a research note on Wednesday, July 25th. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Tuesday, September 25th. Finally, Loop Capital restated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, July 25th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $91.98.

NYSE CNI traded up $0.52 on Friday, hitting $84.81. 1,538,905 shares of the company’s stock were exchanged, compared to its average volume of 1,230,812. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.64 and a quick ratio of 0.52. Canadian National Railway has a 52 week low of $70.59 and a 52 week high of $91.90. The stock has a market capitalization of $65.79 billion, a PE ratio of 22.09, a PEG ratio of 2.26 and a beta of 1.03.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 7th were issued a dividend of $0.3429 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.37 dividend on an annualized basis and a yield of 1.62%. Canadian National Railway’s payout ratio is currently 35.94%.

Institutional investors have recently modified their holdings of the business. Bank of Montreal Can grew its stake in shares of Canadian National Railway by 3.2% in the 3rd quarter. Bank of Montreal Can now owns 16,702,416 shares of the transportation company’s stock valued at $1,499,876,000 after buying an additional 511,467 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Canadian National Railway by 8.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,396,008 shares of the transportation company’s stock valued at $604,578,000 after buying an additional 598,397 shares during the period. Morgan Stanley grew its stake in shares of Canadian National Railway by 4.8% in the 2nd quarter. Morgan Stanley now owns 5,523,209 shares of the transportation company’s stock valued at $451,522,000 after buying an additional 251,353 shares during the period. Toronto Dominion Bank grew its stake in shares of Canadian National Railway by 116.1% in the 2nd quarter. Toronto Dominion Bank now owns 4,630,111 shares of the transportation company’s stock valued at $376,225,000 after buying an additional 2,487,700 shares during the period. Finally, Fiera Capital Corp grew its stake in shares of Canadian National Railway by 43.7% in the 2nd quarter. Fiera Capital Corp now owns 4,480,073 shares of the transportation company’s stock valued at $366,483,000 after buying an additional 1,361,814 shares during the period. Hedge funds and other institutional investors own 53.99% of the company’s stock.

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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