94.01 0.00 (0.00%)
After hours: 4:42PM EST
|Bid||93.00 x 800|
|Ask||94.11 x 800|
|Day's Range||92.93 - 94.65|
|52 Week Range||80.95 - 96.53|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||16.01|
|Forward Dividend & Yield||1.64 (1.77%)|
|Ex-Dividend Date||Dec. 05, 2019|
|1y Target Est||95.71|
CN (CNI) delivered earnings and revenue surprises of 4.40% and 0.95%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
MONTREAL — Canadian National Railway Co. saw its profits plunge last quarter with a week-long strike and thinner freight demand denting revenues.The country's largest railway says net income dropped 24 per cent to $873 million in the quarter ended Dec. 31, compared with $1.14 billion in the same period in 2018.Fourth-quarter revenue fell six per cent to $3.58 billion versus $3.81 billion the year before, CN said Tuesday.On an adjusted basis, diluted earnings decreased to $1.25 per share, 16 per cent lower than $1.49 per share 12 months prior.The result notched above analyst expectations of $1.20 per share — which came following a revised forecast from CN in December — according to financial markets data firm Refinitiv.Full-year revenues rose four per cent to $14.92 billion and profits dipped three per cent to $4.22 billion.The board of directors approved a seven per cent increase in the 2020 dividend on the Montreal-based company's common shares.The eight-day strike by 3,200 conductors and yard workers last November — the longest rail strike since 2012 — brought the railway to a near halt, stopping shipments, triggering layoffs and disrupting industries across the country.Keith Reardon, who oversees the company's consumer product supply chain, said the strike "impacted our domestic business for close to a month."Chief executive JJ Ruest said CN will scale down its capital program but aims to invest $3 billion in capital expenditures this year versus a total of $7.4 billion over the past two years."CN's strong balance sheet provides us with the financial flexibility and resiliency required in the current turbulent economic environment," Ruest said in a statement."We'll have to do quite a bit of self-help," he added, on a conference call with investors.This report by The Canadian Press was first published Jan. 28, 2020.Companies in this story: (TSX:CNR)The Canadian Press
CN (CNR.TO) (CNI) announced today that its Board of Directors has approved the repurchase of its shares under a new normal course issuer bid (Bid) and approved a 7 per cent increase in the 2020 dividend on the Company's common shares outstanding. The Bid permits CN to purchase, for cancellation, over a 12-month period up to 16 million common shares, representing 2.70 per cent of the 593,521,565 common shares issued and outstanding of the Company not held by insiders on January 20, 2020.
Railway managing short-term headwinds which impacted Q4 results MONTREAL, Jan. 28, 2020 -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for.
MONTREAL, Jan. 28, 2020 -- CN (TSX: CNR) (NYSE: CNI) will issue its fourth-quarter and year-end 2019 financial and operating results today Jan. 28, 2020, at 4.01 p.m. Eastern.
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CN (CNR.TO) (CNI) announced today that the 2020 CN Employees’ and Pensioners’ Community Fund (the Community Fund) campaign raised a record-setting amount of just over C$2 million for charities. “CN employees and pensioners have been more generous than ever,” said Olivier Chouc, vice-president of law at CN, and chairman of the board of the CN Community Fund.
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MONTREAL, Jan. 16, 2020 -- Ghislain Houle, executive vice-president and chief financial officer of CN (TSX: CNR) (NYSE: CNI), will address the CIBC 23rd Annual Western.
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CN (CNR.TO) (CNI) and NorFalco Sales, a division of Glencore Canada Corporation, announced they have signed a new multi-year agreement that will provide freight transportation of Sulphuric Acid from NorFalco’s rail served productions facilities in Sudbury, ON; Rouyn-Noranda, QC; and Valleyfield, QC. The agreement reconfirms CN and NorFalco’s strategic partnership for years to come. NorFalco is one of North America's largest merchant marketers of sulfuric acid, responsible for the marketing and distribution of about 2 million tons of sulfuric acid per year.
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MONTREAL, Jan. 06, 2020 -- CN (TSX: CNR) (NYSE: CNI) will issue its fourth-quarter and year-end 2019 financial and operating results on Jan. 28, 2020, at 4.01 p.m. Eastern Time.
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