The Canadian Nationwide Railway (NYSE: CNI) is predicted to have income of $ 2.79 billion this quarter
Equity research analysts predict that the Canadian National Railway (NYSE: CNI) (TSE: CNR) will announce revenue of $ 2.79 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have estimated the Canadian National Railway’s profits. The lowest revenue estimate is $ 2.69 billion and the highest is $ 2.82 billion. Canadian National Railway had sales of $ 2.64 billion in the same quarter last year, a positive growth rate of 5.7% year over year. The company is expected to release its next earnings report on Monday April 26th.
According to Zacks, analysts expect the Canadian National Railway to post total annual sales of $ 11.56 billion for the current fiscal year, with estimates ranging from $ 11.24 to $ 11.85 billion. For the next fiscal year, analysts expect sales of 12.11 billion US dollars, with estimates between 10.78 and 12.61 billion US dollars. Zacks’ sales calculations are an average based on a survey of sell-side research analysts following the Canadian National Railway.
The Canadian National Railway (NYSE: CNI) (TSE: CNR) last announced its results on Monday, January 25th. The transportation company reported earnings of $ 1.43 per share for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.42 by $ 0.01. The company had revenue of $ 3.66 billion for the quarter, compared to the consensus estimate of $ 3.64 billion. The Canadian National Railway achieved a return on equity of 19.55% and a net margin of 24.90%. The company’s quarterly sales increased 2.0% year over year. For the same period last year, the company had earnings per share of $ 1.25.
Recently, several brokers have commented on CNI. The Smith Barney Citigroup raised its target price on the Canadian National Railway from $ 110.00 to $ 127.00 in a research report on Monday, January 11th. Benchmark reported in a research report on the Canadian National Railway on Wednesday, January 27th. They put a “hold” rating on the company. CIBC lowered its target price on Canadian National Railway from $ 153.00 to $ 142.00 and rated the company as “neutral” in a research report on Wednesday, Jan. 27. Bank of America downgraded the Canadian National Railway from a “buy” rating to a “neutral” rating in a report on Wednesday, Jan. 27. Finally, in a report on Wednesday, January 27, the National Bank Financial revised a “sector performance” rating on shares in the Canadian National Railway. Sixteen analysts have given the share a hold rating and six have given the share a buy rating. The Canadian National Railway has an average “Hold” rating and an average price target of $ 117.00.
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CNI’s shares opened at $ 108.93 on Thursday. 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 an annual low of $ 65.13 and an annual low of $ 116.16. The stock has a market cap of $ 77.37 billion, a price to earnings ratio of 30.43, a PEG ratio of 3.36, and a beta of 0.83. The stock has a 50-day moving average price of $ 108.94 and a 200-day moving average price of $ 107.08.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Wednesday March 10th will receive a dividend of $ 0.4803 per share. This equates to an annualized dividend of $ 1.92 and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, March 9th. This is a positive change from the Canadian National Railway’s previous quarterly dividend of $ 0.43. The Canadian National Railway’s payout ratio (DPR) is 41.00%.
Several hedge funds and other institutional investors recently changed their holdings in the company. Jarislowsky Fraser Ltd increased its position in Canadian National Railway stocks by 1.3% in the third quarter. Jarislowsky Fraser Ltd now owns 11,209,526 shares in the transportation company valued at $ 1,190,064,000 after purchasing an additional 141,256 shares in the most recent quarter. Manufacturers Life Insurance Company increased its stake in the Canadian National Railway by 1.1% in the third quarter. Manufacturers Life Insurance Company now owns 9,586,087 shares in the transportation company valued at $ 1,359,403,000 after purchasing an additional 108,548 shares last quarter. Bank of New York Mellon Corp increased its stake in Canadian National Railway by 134.6% in the fourth quarter. Bank of New York Mellon Corp now owns 9,054,282 shares in the transportation company valued at $ 994,611,000 after purchasing an additional 5,195,624 shares last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Canadian National Railway by 1.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,955,645 shares in the transportation company valued at $ 633,963,000 after purchasing an additional 112,849 shares last quarter. Finally, CIBC Asset Management Inc increased its stake in Canadian National Railway by 8.7% in the third quarter. CIBC Asset Management Inc now owns 5,609,581 shares in the transportation company valued at $ 596,936,000 after purchasing an additional 447,378 shares last quarter. Institutional investors and hedge funds currently hold 54.23% of the company’s shares.
Via the Canadian National Railway
The Canadian National Railway Company, along with its subsidiaries, operates in the rail and related transportation business. The company’s product portfolio includes petroleum and chemicals, fertilizers, coal, metals and minerals, forest products, grains, intermodal products and automotive products for exporters, importers, retailers, farmers and manufacturers.
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