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

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Stock analysts at Atb Cap Markets reduced their Q3 2024 EPS estimates for Canadian National Railway in a research note issued on Monday, October 14th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $1.76 for the quarter, down from their previous forecast of $1.80. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.21 EPS, FY2024 earnings at $7.53 EPS, Q3 2025 earnings at $2.03 EPS, Q4 2025 earnings at $2.43 EPS, Q1 2026 earnings at $2.11 EPS, Q2 2026 earnings at $2.23 EPS, Q3 2026 earnings at $2.24 EPS and FY2026 earnings at $9.21 EPS.

CNR has been the topic of a number of other research reports. BMO Capital Markets decreased their price target on shares of Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. Sanford C. Bernstein cut their price target on shares of Canadian National Railway from C$179.00 to C$173.00 in a report on Wednesday, October 9th. ATB Capital cut their price target on shares of Canadian National Railway from C$177.00 to C$167.00 in a report on Thursday, September 12th. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Monday, October 7th. Finally, Barclays lowered their price objective on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$175.14.

Canadian National Railway Price Performance

The stock has a market capitalization of C$100.29 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company’s 50-day simple moving average is C$157.10 and its two-hundred day simple moving average is C$165.02. 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 has a 12 month low of C$143.13 and a 12 month high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released 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 company had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%.

Insider Activity at Canadian National Railway

In other news, Director Susan C. Jones acquired 1,230 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were bought at an average price of C$162.05 per share, for a total transaction of C$199,324.82. In related news, Director Shauneen Elizabeth Bruder purchased 543 shares of Canadian National Railway stock in a transaction dated Wednesday, September 25th. The shares were acquired at an average price of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director Susan C. Jones purchased 1,230 shares of Canadian National Railway stock in a transaction dated Tuesday, September 17th. The shares were bought at an average price of C$162.05 per share, for a total transaction of C$199,324.82. In the last quarter, insiders have purchased 4,383 shares of company stock valued at $585,772. 2.64% of the stock is owned by company insiders.

Canadian National Railway Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.845 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $3.38 dividend on an annualized basis and a yield of ∞. Canadian National Railway’s dividend payout ratio is currently 40.14%.

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.