Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) posted its 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. Canadian National Railway had a return on equity of 23.32% and a net margin of 32.00%. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period last year, the company posted $1.31 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year.
Canadian National Railway Trading Down 2.1 %
NYSE CNI traded down $2.38 during trading hours on Thursday, hitting $113.42. The company’s stock had a trading volume of 2,027,000 shares, compared to its average volume of 1,085,426. The stock has a fifty day moving average of $121.78 and a 200 day moving average of $125.63. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $71.73 billion, a P/E ratio of 18.48, a PEG ratio of 2.28 and a beta of 0.89. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02.
Canadian National Railway Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a $0.614 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a yield of 2.17%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.55%.
Wall Street Analyst Weigh In
Read Our Latest Report on Canadian National Railway
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.
Further Reading
- Five stocks we like better than Canadian National Railway
- Most active stocks: Dollar volume vs share volume
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Golden Cross Stocks: Pattern, Examples and Charts
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.