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

Canadian National Railway (NYSE:CNI) (TSE:CNR) will likely be issuing its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $1.43 per share and revenue of $4,439,467.63 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the business earned $1.26 EPS. The company’s revenue was up 3.1% on a year-over-year basis. On average, analysts expect Canadian National Railway to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Canadian National Railway Trading Up 0.7 %

CNI opened at $104.43 on Thursday. The business’s 50-day simple moving average is $105.08 and its 200-day simple moving average is $111.60. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market cap of $65.67 billion, a P/E ratio of 16.74, a PEG ratio of 2.30 and a beta of 0.91. Canadian National Railway has a one year low of $98.96 and a one year high of $134.02.

Analyst Ratings Changes

A number of research analysts recently commented on CNI shares. Barclays dropped their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.02.

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.