Canadian National Railway (TSE:CNR) (NYSE:CNI) – Stock analysts at Seaport Global Securities lowered their Q3 2018 earnings per share estimates for shares of Canadian National Railway in a research note issued to investors on Tuesday, April 24th. Seaport Global Securities analyst M. Levin now forecasts that the company will post earnings per share of $1.41 for the quarter, down from their prior forecast of $1.43.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Tuesday, January 23rd. The company reported C$1.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.23 by C($0.03). Canadian National Railway had a return on equity of 65.99% and a net margin of 79.48%. The business had revenue of C$3.29 billion during the quarter, compared to the consensus estimate of C$3.29 billion.
Canadian National Railway stock opened at C$99.90 on Thursday. Canadian National Railway has a twelve month low of C$90.84 and a twelve month high of C$108.64.
In related news, insider Sean Finn sold 15,425 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of C$98.21, for a total transaction of C$1,514,889.25. Also, insider Scott Daniels purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of C$94.35 per share, for a total transaction of C$94,350.00. Insiders have sold a total of 20,610 shares of company stock worth $2,017,547 over the last quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 8th will be issued a dividend of $0.455 per share. The ex-dividend date is Thursday, June 7th. This represents a $1.82 annualized dividend and a yield of 1.82%.
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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