Canadian National Railway (CNI) to Release Quarterly Earnings on Tuesday

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR will be announcing its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce 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.Individual that wish to register for the company's earnings conference call can do so using this link.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. 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 Stock Down 1.2 %

Shares of NYSE CNI traded down $1.51 during mid-day trading on Tuesday, reaching $127.28. 670,191 shares of the company traded hands, compared to its average volume of 992,478. The company's fifty day moving average is $129.81 and its two-hundred day moving average is $121.30. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The stock has a market cap of $81.50 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 2.23 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. Shareholders of record on Thursday, March 7th were issued a dividend of $0.638 per share. This represents a $2.55 annualized dividend and a yield of 2.01%. The ex-dividend date was Wednesday, March 6th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.58. Canadian National Railway's dividend payout ratio (DPR) is 39.59%.

Institutional Investors Weigh In On Canadian National Railway

A number of hedge funds and other institutional investors have recently bought and sold shares of CNI. O Dell Group LLC bought a new position in Canadian National Railway during the 4th quarter worth $29,000. Tyler Stone Wealth Management bought a new position in shares of Canadian National Railway during the second quarter worth about $30,000. ICA Group Wealth Management LLC acquired a new position in shares of Canadian National Railway in the fourth quarter worth approximately $53,000. Thomas J. Herzfeld Advisors Inc. boosted its holdings in Canadian National Railway by 93.5% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 565 shares of the transportation company's stock valued at $67,000 after acquiring an additional 273 shares during the last quarter. Finally, State of Wyoming increased its position in Canadian National Railway by 11.7% during the 4th quarter. State of Wyoming now owns 867 shares of the transportation company's stock valued at $103,000 after purchasing an additional 91 shares during the period. Institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. CIBC downgraded shares of Canadian National Railway from a "sector outperform" rating to a "neutral" rating in a report on Wednesday, January 10th. Benchmark reissued a "hold" rating on shares of Canadian National Railway in a research report on Wednesday, April 10th. Barclays increased their target price on shares of Canadian National Railway from $127.00 to $130.00 and gave the company an "equal weight" rating in a research note on Thursday, April 4th. Bank of America raised Canadian National Railway from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Finally, TD Securities lowered shares of Canadian National Railway from a "buy" rating to a "hold" rating in a research report on Monday, January 8th. Eighteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $147.52.

Canadian National Railway Company Profile

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.