Canadian National Railway (CNR) Scheduled to Post Earnings on Tuesday

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of C$1.72 per share for the quarter.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last posted its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, topping analysts' consensus estimates of C$1.96 by C$0.06. The business had revenue of C$4.47 billion during the quarter, compared to analyst estimates of C$4.38 billion. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%.

Canadian National Railway Price Performance

Shares of CNR stock traded down C$1.55 on Tuesday, hitting C$175.88. 936,605 shares of the stock traded hands, compared to its average volume of 954,638. The firm has a market cap of C$112.61 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. The firm has a 50 day simple moving average of C$175.80 and a two-hundred day simple moving average of C$164.33. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34.

Canadian National Railway Increases Dividend

The firm 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 $0.845 per share. The ex-dividend date was Wednesday, March 6th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.79. This represents a $3.38 dividend on an annualized basis and a yield of 1.92%. Canadian National Railway's dividend payout ratio (DPR) is currently 39.62%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. ATB Capital boosted their price target on Canadian National Railway from C$165.00 to C$180.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 24th. Raymond James increased their price objective on shares of Canadian National Railway from C$175.00 to C$185.00 in a report on Monday, January 22nd. National Bankshares boosted their target price on Canadian National Railway from C$172.00 to C$190.00 in a research report on Thursday, April 4th. TD Securities raised their price target on Canadian National Railway from C$180.00 to C$185.00 and gave the company a "hold" rating in a report on Wednesday, January 24th. Finally, Desjardins lifted their price objective on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$183.00.

Insider Buying and Selling

In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 488 shares of the company's stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. 1.67% of the stock is owned by corporate insiders.

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.