Canadian National Railway (CNR) Scheduled to Post Quarterly Earnings on Tuesday

Canadian National Railway (TSE:CNR) (NYSE:CNI) will issue its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of C$1.97 per share for the quarter.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing the consensus estimate of C$1.93 by C($0.09). The firm had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at C$156.84 on Friday. The firm’s 50-day moving average price is C$157.17 and its two-hundred day moving average price is C$164.66. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The stock has a market capitalization of C$98.73 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.845 dividend. This represents a $3.38 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 dividend payout ratio is currently 40.14%.

Analyst Ratings Changes

CNR has been the subject of a number of analyst reports. Barclays lowered their target price on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a report on Wednesday, September 25th. TD Securities lowered their target price on Canadian National Railway from C$185.00 to C$180.00 and set a “hold” rating for the company in a research note on Wednesday, July 24th. Scotiabank cut their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. CIBC dropped their price objective on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Finally, Raymond James lowered their target price on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$175.14.

Insider Buying and Selling

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 543 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was acquired at an average price of C$157.53 per share, with a total value of C$85,539.88. In related news, Director Shauneen Elizabeth Bruder purchased 543 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average price of C$157.53 per share, with a total value of C$85,539.88. Also, Director Susan C. Jones acquired 1,230 shares of Canadian National Railway stock in a transaction on Tuesday, September 17th. The shares were purchased at an average price of C$162.05 per share, for a total transaction of C$199,324.82. Over the last 90 days, insiders acquired 4,383 shares of company stock worth $585,772. Company insiders own 2.64% of the company’s stock.

About Canadian National Railway

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.