Canadian National Railway (CNI) to Release Earnings on Tuesday

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) is scheduled to release its earnings data after the market closes on Tuesday, April 23rd. Analysts expect Canadian National Railway to post earnings of $1.27 per share for the quarter. Canadian National Railway has set its FY24 guidance at $8.01 EPS and its FY 2024 guidance at 5.880-5.880 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. On average, analysts expect Canadian National Railway to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Canadian National Railway Price Performance

CNI stock opened at $127.65 on Friday. The firm has a 50 day moving average of $129.70 and a 200-day moving average of $121.77. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The company has a market cap of $81.53 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.21 and a beta of 0.88.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a dividend of $0.638 per share. This represents a $2.55 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, March 6th. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.59%.

Institutional Investors Weigh In On Canadian National Railway

A number of institutional investors have recently modified their holdings of CNI. Ascent Group LLC grew its position in Canadian National Railway by 2.2% in the 3rd quarter. Ascent Group LLC now owns 4,005 shares of the transportation company’s stock worth $474,000 after purchasing an additional 87 shares during the last quarter. Baird Financial Group Inc. grew its position in Canadian National Railway by 0.3% in the 3rd quarter. Baird Financial Group Inc. now owns 28,401 shares of the transportation company’s stock worth $3,067,000 after purchasing an additional 88 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Canadian National Railway by 2.9% in the 2nd quarter. SRS Capital Advisors Inc. now owns 3,123 shares of the transportation company’s stock worth $378,000 after purchasing an additional 89 shares during the last quarter. State of Wyoming grew its position in Canadian National Railway by 11.7% in the 4th quarter. State of Wyoming now owns 867 shares of the transportation company’s stock worth $103,000 after purchasing an additional 91 shares during the last quarter. Finally, Dempze Nancy E grew its position in Canadian National Railway by 0.3% in the 1st quarter. Dempze Nancy E now owns 33,270 shares of the transportation company’s stock worth $4,464,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CNI. Stephens lifted their price target on shares of Canadian National Railway from $122.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Barclays lifted their price objective on Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Susquehanna Bancshares lifted their price objective on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research report on Monday, January 8th. Susquehanna cut their price objective on Canadian National Railway from $143.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Finally, Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Eighteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $147.52.

View Our Latest Stock Report on CNI

About Canadian National Railway

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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.

Further Reading

Earnings History for Canadian National Railway (NYSE:CNI)

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