Brokers Issue Forecasts for Canadian National Railway’s Q3 2018 Earnings (CNR)
Canadian National Railway (TSE:CNR) (NYSE:CNI) – Cormark cut their Q3 2018 EPS estimates for shares of Canadian National Railway in a research report issued on Tuesday, April 24th. Cormark analyst D. Tyerman now forecasts that the company will post earnings of $1.42 per share for the quarter, down from their previous estimate of $1.46. Cormark also issued estimates for Canadian National Railway’s Q1 2019 earnings at $1.25 EPS and Q3 2019 earnings at $1.57 EPS.
A number of other equities analysts have also commented on CNR. Barclays lowered their price objective on Canadian National Railway from C$110.00 to C$101.00 in a research note on Wednesday, April 18th. Desjardins lowered their price objective on Canadian National Railway from C$113.00 to C$112.00 and set a “buy” rating on the stock in a research note on Tuesday. BMO Capital Markets restated an “outperform” rating and set a C$108.00 price objective on shares of Canadian National Railway in a research note on Tuesday. Sanford C. Bernstein raised their price objective on Canadian National Railway from C$99.00 to C$101.00 in a research note on Tuesday. Finally, Royal Bank of Canada raised their price objective on Canadian National Railway from C$105.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Canadian National Railway has a consensus rating of “Buy” and an average price target of C$107.73.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported C$1.20 EPS for the quarter, missing the Zacks’ consensus estimate of C$1.23 by C($0.03). Canadian National Railway had a return on equity of 65.99% and a net margin of 79.48%. The company had revenue of C$3.29 billion for the quarter, compared to the consensus estimate of C$3.29 billion.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be paid a $0.455 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.82 annualized dividend and a dividend yield of 1.81%.
In other Canadian National Railway news, insider Scott Daniels purchased 1,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were bought at an average price of C$94.35 per share, for a total transaction of C$94,350.00. Also, insider Sean Finn sold 15,425 shares of Canadian National Railway stock in a transaction on Monday, January 29th. The shares were sold at an average price of C$98.21, for a total value of C$1,514,889.25. In the last quarter, insiders sold 20,610 shares of company stock worth $2,017,547.
Canadian National Railway Company Profile
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.
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