TSE:CNR FY2024 EPS Lowered by National Bank Financial

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities researchers at National Bank Financial decreased their FY2024 EPS estimates for Canadian National Railway in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $7.46 for the year, down from their prior estimate of $7.51. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.18 EPS and FY2025 earnings at $8.48 EPS.

Several other analysts have also recently weighed in on CNR. UBS Group raised their price target on Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday. National Bankshares dropped their target price on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a research report on Wednesday. TD Securities decreased their price target on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a report on Wednesday. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 24th. Finally, Scotiabank cut their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and an average target price of C$171.07.

Canadian National Railway Trading Down 1.0 %

Shares of CNR stock opened at C$153.52 on Thursday. The company has a market capitalization of C$96.64 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 52-week low of C$143.16 and a 52-week high of C$181.34. The business’s fifty day moving average is C$157.27 and its 200 day moving average is C$164.33. 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 (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The firm had revenue of C$4.33 billion for the quarter, compared to analysts’ expectations of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insider Activity at Canadian National Railway

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

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.