Atb Cap Markets Comments on Canadian National Railway’s Q4 2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at Atb Cap Markets dropped their Q4 2024 earnings per share estimates for Canadian National Railway in a report issued on Wednesday, September 11th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of $2.22 per share for the quarter, down from their previous estimate of $2.31. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.87 per share.

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

Other equities analysts have also recently issued reports about the company. UBS Group cut their price target on Canadian National Railway from C$202.00 to C$189.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. cut their price target on Canadian National Railway from C$180.00 to C$176.00 in a report on Wednesday, July 24th. Scotiabank cut their price target on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. National Bankshares cut their price target on Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, BMO Capital Markets cut their price target on Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned 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.com, the company presently has an average rating of “Hold” and an average price target of C$174.93.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$163.87 on Monday. The stock has a fifty day moving average price of C$158.86 and a 200 day moving average price of C$167.25. The stock has a market cap of C$103.16 billion, a PE ratio of 19.46, a P/E/G ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be given a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s payout ratio is 40.14%.

Insider Transactions at Canadian National Railway

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

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.