Canadian National Railway (NYSE:CNI) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Canadian National Railway (NYSE:CNI) (TSE:CNR) released its quarterly earnings results on Tuesday. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09), Briefing.com reports. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. Canadian National Railway’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.31 earnings per share.

Canadian National Railway Stock Performance

Shares of NYSE:CNI traded down $5.00 during trading on Wednesday, hitting $114.98. The company’s stock had a trading volume of 1,974,491 shares, compared to its average volume of 1,068,759. The company has a 50-day moving average of $121.97 and a 200-day moving average of $125.70. The firm has a market cap of $72.71 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 2.32 and a beta of 0.89. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46.

Analyst Upgrades and Downgrades

CNI has been the subject of several research reports. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Wednesday. Stephens reaffirmed an “equal weight” rating and set a $140.00 price objective on shares of Canadian National Railway in a research report on Wednesday, April 24th. Susquehanna lowered their price objective on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays cut their target price on Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus lowered their price target on Canadian National Railway from $137.00 to $133.00 and set a “hold” rating for the company in a research report on Wednesday. Eighteen equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $146.98.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.