Canadian National Railway (NYSE:CNI) (TSE:CNR) – Investment analysts at Seaport Global Securities decreased their Q2 2018 earnings estimates for Canadian National Railway in a report issued on Tuesday, April 24th. Seaport Global Securities analyst M. Levin now expects that the transportation company will earn $1.02 per share for the quarter, down from their prior estimate of $1.07. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Canadian National Railway’s Q3 2018 earnings at $1.10 EPS, FY2018 earnings at $4.01 EPS and FY2019 earnings at $4.56 EPS.
CNI has been the topic of a number of other reports. Deutsche Bank decreased their price target on Canadian National Railway from $74.00 to $69.00 and set a “sell” rating on the stock in a research note on Friday, February 16th. Macquarie raised Canadian National Railway from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 24th. Argus lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. Zacks Investment Research raised Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Cowen reaffirmed an “outperform” rating and issued a $86.00 price objective (down from $90.00) on shares of Canadian National Railway in a research note on Wednesday, February 28th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Canadian National Railway has a consensus rating of “Hold” and a consensus target price of $82.48.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Monday, April 23rd. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. Canadian National Railway had a return on equity of 23.02% and a net margin of 41.03%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the company earned $1.15 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNI. Captrust Financial Advisors purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at about $142,000. Delpha Capital Management LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at about $143,000. Goodman Financial Corp purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at about $165,000. We Are One Seven LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at about $192,000. Finally, Dean Capital Investments Management LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at about $205,000. 55.07% of the stock is currently owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be paid a $0.3603 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, June 7th. Canadian National Railway’s dividend payout ratio is currently 36.72%.
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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