Canadian National Railway (NYSE:CNI) (TSE:CNR) – Stock analysts at National Bank Financial dropped their Q3 2020 earnings per share (EPS) estimates for Canadian National Railway in a research report issued to clients and investors on Thursday, June 27th, Zacks Investment Research reports. National Bank Financial analyst C. Doerksen now forecasts that the transportation company will earn $1.38 per share for the quarter, down from their prior forecast of $1.41. National Bank Financial currently has a “Hold” rating on the stock.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Monday, April 29th. The transportation company reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.28. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.48 billion. Canadian National Railway had a return on equity of 23.64% and a net margin of 29.86%. Canadian National Railway’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS.
NYSE CNI traded down $1.05 on Friday, reaching $91.65. 722,150 shares of the stock traded hands, compared to its average volume of 660,399. The company has a market cap of $66.81 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. Canadian National Railway has a 12 month low of $70.36 and a 12 month high of $95.45. The stock’s fifty day simple moving average is $92.32.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a dividend of $0.3982 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.59 annualized dividend and a yield of 1.74%. Canadian National Railway’s dividend payout ratio (DPR) is 38.94%.
A number of hedge funds have recently made changes to their positions in the stock. FDx Advisors Inc. grew its stake in Canadian National Railway by 18.7% during the 2nd quarter. FDx Advisors Inc. now owns 18,346 shares of the transportation company’s stock worth $1,697,000 after buying an additional 2,892 shares during the last quarter. Bessemer Group Inc. grew its stake in Canadian National Railway by 696.0% during the 2nd quarter. Bessemer Group Inc. now owns 995 shares of the transportation company’s stock worth $92,000 after buying an additional 870 shares during the last quarter. USS Investment Management Ltd purchased a new position in Canadian National Railway during the 2nd quarter worth $26,669,000. Vigilant Capital Management LLC grew its stake in Canadian National Railway by 207.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 634 shares of the transportation company’s stock worth $59,000 after buying an additional 428 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Canadian National Railway during the 2nd quarter worth $206,000. Hedge funds and other institutional investors own 54.37% of the company’s stock.
About Canadian National Railway
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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