Canadian National Railway (NYSE:CNI) Posts Earnings Results, Beats Estimates By $0.02 EPS

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

Canadian National Railway Stock Performance

CNI stock traded down $1.16 on Thursday, hitting $110.83. The company’s stock had a trading volume of 1,749,885 shares, compared to its average volume of 1,114,675. The firm has a 50 day moving average of $116.02 and a two-hundred day moving average of $119.72. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The stock has a market cap of $69.80 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93.

Canadian National Railway Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on CNI shares. Sanford C. Bernstein lowered their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a 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 report on Thursday, October 10th. Susquehanna lowered their price target on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday. Stephens reiterated an “equal weight” rating and set a $116.00 price target on shares of Canadian National Railway in a report on Wednesday. Finally, Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.