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Canadian National Railway (NYSE: CNI) publishes earnings results

The Canadian National Railway (NYSE: CNI) (TSE: CNR) released its quarterly earnings data on Sunday. The transportation company reported earnings of $ 1.23 per share for the quarter, missing analysts’ consensus estimates of $ 1.24 by ($ 0.01), MarketWatch Earnings reports. The Canadian National Railway had a net margin of 24.90% and a return on equity of 19.55%. The company had revenue of $ 3.54 billion for the quarter, compared to analyst expectations of $ 3.57 billion. For the same period last year, the company had earnings per share of $ 1.22. The company’s quarterly revenue declined 0.3% year over year.

The shares of CNI stock opened at $ 109.46 on Tuesday. The company’s 50-day moving average price is $ 115.73 and its 200-day moving average price is $ 110.38. The company has a leverage ratio of 0.67, a fast rate of 0.85, and a current rate of 1.05. The Canadian National Railway has a one-year low of $ 77.20 and a one-year high of $ 119.61. The company has a market cap of $ 77.70 billion, a P / E of 30.58, a P / E of 3.36, and a beta of 0.83.

The company recently announced a quarterly dividend, which was paid on Wednesday, March 31st. On Wednesday March 10th, a dividend of $ 0.4803 was paid to shareholders of record. This is a positive change from the Canadian National Railway’s previous quarterly dividend of $ 0.43. This equates to an annualized dividend of $ 1.92 and a dividend yield of 1.76%. The ex-dividend day was Tuesday, March 9th. The Canadian National Railway’s payout ratio is currently 41.00%.

A number of analysts recently made comments on the CNI stock. Bank of America lowered the Canadian National Railway’s shares from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 27th. National Bank Financial re-assigned a “Sector Performance” rating to shares of the Canadian National Railway in a research note on Wednesday April 21st. Sanford C. Bernstein upgraded the shares of the Canadian National Railway from a “Market Perform” rating to an “Outperform” rating in a research note on Monday, January 11th. Credit Suisse Group lowered its target price on shares of the Canadian National Railway from USD 124.00 to USD 117.00 and gave the company an “Outperform” rating in a research note on Wednesday, January 27th. Finally, on Wednesday March 10th, the Goldman Sachs Group upgraded the shares of the Canadian National Railway from a “neutral” rating to a “buy” rating in a research report. 16 research analysts for stocks have given the stock a hold rating and eight with a buy rating. The stock has a consensus rating of “Hold” and a consensus target of $ 121.37.

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Via the Canadian National Railway

The Canadian National Railway Company, together with its subsidiaries, operates in the rail and related transportation business. The product portfolio includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal products and automotive products for exporters, importers, retailers, farmers and manufacturers.

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