Canadian National Railway (TSE:CNR) (NYSE:CNI) – Stock analysts at Seaport Global Securities cut their FY2018 earnings per share estimates for shares of Canadian National Railway in a research report issued to clients and investors on Wednesday, October 24th. Seaport Global Securities analyst M. Levin now forecasts that the company will post earnings of $5.45 per share for the year, down from their prior estimate of $5.48. Seaport Global Securities also issued estimates for Canadian National Railway’s Q4 2018 earnings at $1.45 EPS, FY2019 earnings at $6.25 EPS and FY2020 earnings at $7.00 EPS.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, July 24th. The company reported C$1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.38 by C$0.13. The company had revenue of C$3.63 billion for the quarter, compared to the consensus estimate of C$3.51 billion. Canadian National Railway had a net margin of 79.48% and a return on equity of 65.99%.
CNR stock opened at C$107.57 on Friday. Canadian National Railway has a 12 month low of C$90.84 and a 12 month high of C$118.62.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 7th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Thursday, December 6th.
In other Canadian National Railway news, insider Sean Finn sold 11,334 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of C$116.39, for a total transaction of C$1,319,164.26. Also, insider Donald K. Reardon sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of C$90.24, for a total transaction of C$153,408.00. Insiders have sold a total of 27,145 shares of company stock worth $3,059,297 in the last three months.
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.
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