Q2 2021 Earnings Forecast for Canadian National Railway Issued By National Bank Financial (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – National Bank Financial lowered their Q2 2021 earnings per share (EPS) estimates for shares of Canadian National Railway in a research note issued on Tuesday, April 20th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $1.47 for the quarter, down from their previous forecast of $1.48. National Bank Financial currently has a “Sector Perform” rating and a $137.00 target price on the stock. National Bank Financial also issued estimates for Canadian National Railway’s FY2021 earnings at $5.93 EPS.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its earnings results on Tuesday, January 26th. The company reported C$1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.40 by C$0.03. The business had revenue of C$3.66 billion for the quarter, compared to analyst estimates of C$3.62 billion.

A number of other equities analysts have also weighed in on the stock. TD Securities cut their price objective on shares of Canadian National Railway from C$165.00 to C$160.00 and set a “buy” rating for the company in a research report on Wednesday, January 27th. JPMorgan Chase & Co. cut their price objective on shares of Canadian National Railway from C$145.00 to C$138.00 in a research report on Friday, April 9th. Scotiabank cut their price objective on shares of Canadian National Railway from C$145.00 to C$143.00 in a research report on Wednesday. CIBC boosted their price objective on shares of Canadian National Railway from C$142.00 to C$148.00 and gave the company a “neutral” rating in a research report on Friday, March 26th. Finally, UBS Group cut their price objective on shares of Canadian National Railway from C$148.00 to C$141.00 in a research report on Wednesday, January 27th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Canadian National Railway currently has a consensus rating of “Hold” and an average target price of C$147.36.

Shares of CNR opened at C$137.23 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.52 and a debt-to-equity ratio of 67.80. The stock has a market cap of C$97.53 billion and a P/E ratio of 27.45. The company has a 50-day moving average of C$145.51 and a two-hundred day moving average of C$141.22. Canadian National Railway has a 12-month low of C$108.30 and a 12-month high of C$149.44.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Wednesday, March 10th were issued a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 1.79%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date was Tuesday, March 9th. Canadian National Railway’s payout ratio is presently 46.00%.

In related news, Senior Officer Sean Finn sold 700 shares of the stock in a transaction on Friday, March 19th. The stock was sold at an average price of C$146.69, for a total value of C$102,680.90. Following the completion of the sale, the insider now directly owns 19,900 shares in the company, valued at approximately C$2,919,071.30. Also, Senior Officer James Barry Cairns sold 1,115 shares of the stock in a transaction on Wednesday, March 17th. The shares were sold at an average price of C$146.68, for a total value of C$163,548.76. Following the completion of the sale, the insider now owns 746 shares of the company’s stock, valued at C$109,423.65. Over the last 90 days, insiders sold 207,734 shares of company stock valued at $28,550,875.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Its portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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Earnings History and Estimates for Canadian National Railway (TSE:CNR)

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