Canadian National Railway (NYSE:CNI) Announces Earnings Results

Canadian National Railway (NYSE:CNI) (TSE:CNR) announced its quarterly earnings data on Tuesday. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02, Briefing.com reports. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.49%. Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded down $1.16 on Thursday, hitting $110.83. The company had a trading volume of 1,749,885 shares, compared to its average volume of 1,114,675. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The company has a market cap of $69.80 billion, a PE ratio of 17.76, a PEG ratio of 2.50 and a beta of 0.88. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The business has a 50 day moving average of $116.02 and a 200 day moving average of $119.72.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.20%. Canadian National Railway’s dividend payout ratio (DPR) is 39.26%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CNI shares. The Goldman Sachs Group cut their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Thursday. Stephens restated an “equal weight” rating and set a $116.00 price objective on shares of Canadian National Railway in a research report on Wednesday. Finally, Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price target on the stock in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and an average target price of $125.18.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.