Wall Street brokerages expect Canadian National Railway (NYSE:CNI) (TSE:CNR) to announce earnings per share (EPS) of $1.28 for the current quarter, Zacks reports. Six analysts have issued estimates for Canadian National Railway’s earnings, with the lowest EPS estimate coming in at $1.21 and the highest estimate coming in at $1.35. Canadian National Railway reported earnings of $1.17 per share during the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The firm is scheduled to report its next earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that Canadian National Railway will report full year earnings of $4.65 per share for the current year, with EPS estimates ranging from $4.53 to $4.73. For the next financial year, analysts forecast that the company will report earnings of $5.22 per share, with EPS estimates ranging from $5.07 to $5.34. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Canadian National Railway.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Monday, April 29th. The transportation company reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.28. Canadian National Railway had a net margin of 29.86% and a return on equity of 23.64%. The firm had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the firm earned $1.00 EPS. The company’s revenue was up 11.0% compared to the same quarter last year.

CNI has been the subject of a number of research reports. BMO Capital Markets raised shares of Canadian National Railway to a “market perform” rating and set a $125.00 target price for the company in a research report on Tuesday, April 30th. They noted that the move was a valuation call. Stifel Nicolaus increased their target price on shares of Canadian National Railway from $87.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada cut shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating and set a $92.00 price target on the stock. in a research note on Tuesday, April 30th. National Bank Financial restated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, March 28th. Finally, Macquarie cut shares of Canadian National Railway from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 30th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $96.69.

Shares of Canadian National Railway stock traded up $0.50 on Friday, reaching $93.71. 7,912 shares of the company traded hands, compared to its average volume of 961,889. Canadian National Railway has a 52 week low of $70.36 and a 52 week high of $95.08. The company has a market capitalization of $67.74 billion, a P/E ratio of 22.44, a P/E/G ratio of 1.91 and a beta of 1.07. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 0.69.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.3982 dividend. This represents a $1.59 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, June 6th. Canadian National Railway’s dividend payout ratio is presently 38.46%.

A number of hedge funds and other institutional investors have recently bought and sold shares of CNI. Norges Bank purchased a new stake in Canadian National Railway in the 4th quarter worth approximately $483,340,000. TCI Fund Management Ltd. lifted its stake in Canadian National Railway by 19.9% in the 1st quarter. TCI Fund Management Ltd. now owns 12,857,534 shares of the transportation company’s stock worth $1,151,538,000 after purchasing an additional 2,137,051 shares in the last quarter. FIL Ltd lifted its stake in Canadian National Railway by 22.7% in the 1st quarter. FIL Ltd now owns 9,901,396 shares of the transportation company’s stock worth $886,372,000 after purchasing an additional 1,829,102 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Canadian National Railway by 29.2% in the 4th quarter. Mackenzie Financial Corp now owns 6,642,677 shares of the transportation company’s stock worth $492,289,000 after purchasing an additional 1,500,861 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Canadian National Railway in the 1st quarter worth approximately $165,551,000. Institutional investors and hedge funds own 55.54% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

Featured Article: What is range trading?

Get a free copy of the Zacks research report on Canadian National Railway (CNI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Canadian National Railway (NYSE:CNI)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.