Analysts expect that Canadian National Railway (NYSE:CNI) (TSE:CNR) will post $0.94 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Canadian National Railway’s earnings, with the lowest EPS estimate coming in at $0.89 and the highest estimate coming in at $1.01. Canadian National Railway posted earnings of $0.86 per share during the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The company is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, July 25th.

According to Zacks, analysts expect that Canadian National Railway will report full year earnings of $3.78 per share for the current year, with EPS estimates ranging from $3.69 to $3.86. For the next year, analysts anticipate that the company will post earnings of $4.11 per share, with EPS estimates ranging from $3.94 to $4.35. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Canadian National Railway.

A number of equities research analysts have commented on CNI shares. Wells Fargo & Co started coverage on Canadian National Railway in a research report on Monday, March 13th. They set a “market perform” rating for the company. Zacks Investment Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Friday, February 24th. Stifel Nicolaus raised their price objective on Canadian National Railway from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Credit Suisse Group AG restated a “neutral” rating and set a $78.00 price objective (up from $77.00) on shares of Canadian National Railway in a research report on Sunday, May 28th. Finally, Cowen and Company raised their price objective on Canadian National Railway from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 25th. Fifteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $80.06.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of Canadian National Railway by 7.9% in the first quarter. Wellington Management Group LLP now owns 30,335,430 shares of the transportation company’s stock worth $2,236,347,000 after buying an additional 2,227,390 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Canadian National Railway by 1.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,683,520 shares of the transportation company’s stock worth $1,349,681,000 after buying an additional 370,800 shares during the last quarter. FMR LLC increased its position in shares of Canadian National Railway by 0.8% in the first quarter. FMR LLC now owns 15,656,372 shares of the transportation company’s stock worth $1,155,641,000 after buying an additional 121,762 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Canadian National Railway by 3.5% in the first quarter. Vanguard Group Inc. now owns 14,542,225 shares of the transportation company’s stock worth $1,075,107,000 after buying an additional 493,026 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Canadian National Railway by 1.6% in the fourth quarter. Franklin Resources Inc. now owns 7,512,788 shares of the transportation company’s stock worth $505,722,000 after buying an additional 115,388 shares during the last quarter. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway (CNI) traded down 0.17% on Tuesday, hitting $78.45. 577,982 shares of the stock were exchanged. The company has a market cap of $59.32 billion, a PE ratio of 22.08 and a beta of 1.07. Canadian National Railway has a 52 week low of $55.73 and a 52 week high of $79.01. The company’s 50-day moving average is $74.77 and its 200-day moving average is $71.17.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be paid a $0.3059 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Wednesday, June 7th. Canadian National Railway’s payout ratio is 31.73%.

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About Canadian National Railway

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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