Published On: Mon, Sep 12th, 2016

Q3 2016 Earnings Estimate for Canadian National Railway Co. (CNI) Issued By National Bank Financial

Canadian National Railway Co. (NYSE:CNI) – Investment analysts at National Bank Financial raised their Q3 2016 EPS estimates for Canadian National Railway in a research note issued to investors on Wednesday. National Bank Financial analyst C. Doerksen now forecasts that the brokerage will earn $0.96 per share for the quarter, up from their prior estimate of $0.92. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2016 earnings at $0.94 EPS, FY2016 earnings at $3.55 EPS, Q3 2017 earnings at $1.08 EPS, Q4 2017 earnings at $1.00 EPS and FY2017 earnings at $3.85 EPS.
A number of other brokerages also recently commented on CNI. Cowen and Company lifted their price objective on Canadian National Railway from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, July 26th. Desjardins reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Canadian National Railway in a research report on Tuesday, July 26th. Raymond James Financial Inc. upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 26th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $89.00 target price on shares of Canadian National Railway in a report on Tuesday, July 26th. Finally, Barclays PLC reiterated an “equal weight” rating on shares of Canadian National Railway in a report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. Canadian National Railway presently has a consensus rating of “Hold” and an average target price of $73.25.
Shares of Canadian National Railway (NYSE:CNI) opened at 62.18 on Monday. The company has a 50-day moving average of $63.68 and a 200 day moving average of $61.11. Canadian National Railway has a 12-month low of $46.23 and a 12-month high of $66.22. The stock has a market capitalization of $47.98 billion, a price-to-earnings ratio of 17.96 and a beta of 1.12.

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Canadian National Railway (NYSE:CNI) last released its earnings results on Monday, July 25th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. The company earned $2.84 billion during the quarter, compared to analyst estimates of $3 billion. Canadian National Railway had a net margin of 29.55% and a return on equity of 24.13%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 EPS.
The business also recently announced a dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be issued a dividend of $0.288 per share. The ex-dividend date of this dividend is Wednesday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 33.72%.
Canadian National Railway Company Profile
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

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