Q3 2024 Earnings Estimate for Canadian National Railway (TSE:CNR) Issued By Atb Cap Markets

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Stock analysts at Atb Cap Markets decreased their Q3 2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a note issued to investors on Wednesday, September 11th. Atb Cap Markets analyst C. Murray now forecasts that the company will earn $1.80 per share for the quarter, down from their previous forecast of $1.98. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.87 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s FY2024 earnings at $7.57 EPS, Q1 2025 earnings at $1.86 EPS, Q2 2025 earnings at $2.00 EPS, Q3 2025 earnings at $2.05 EPS, Q4 2025 earnings at $2.44 EPS and FY2025 earnings at $8.35 EPS.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing the consensus estimate of C$1.93 by C($0.09). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The company had revenue of C$4.33 billion for the quarter, compared to analysts’ expectations of C$4.40 billion.

CNR has been the subject of a number of other reports. BMO Capital Markets cut their target price on Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a research note on Wednesday. Wells Fargo & Company raised Canadian National Railway to a “hold” rating in a research note on Wednesday, July 24th. Raymond James dropped their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on Canadian National Railway from C$180.00 to C$176.00 in a research note on Wednesday, July 24th. Finally, CIBC dropped their price objective on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$174.93.

Canadian National Railway Stock Down 0.5 %

Canadian National Railway stock opened at C$161.44 on Friday. The stock has a market capitalization of C$101.63 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.06 and a beta of 0.65. The stock has a 50 day moving average of C$158.80 and a two-hundred day moving average of C$167.41. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be given a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s payout ratio is 40.14%.

Insiders Place Their Bets

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 544 shares of the stock in a transaction on Tuesday, June 25th. The shares were purchased at an average cost of C$160.21 per share, with a total value of C$87,156.42. In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the business’s stock in a transaction on Friday, July 26th. The stock was purchased at an average price of C$115.29 per share, for a total transaction of C$300,906.90. Also, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were acquired at an average price of C$160.21 per share, with a total value of C$87,156.42. Company insiders own 1.69% of the company’s stock.

Canadian National Railway Company Profile

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.