Atb Cap Markets Weighs in on Canadian National Railway’s Q2 2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Stock analysts at Atb Cap Markets raised their Q2 2024 earnings per share (EPS) estimates for Canadian National Railway in a report issued on Tuesday, April 23rd. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $2.00 per share for the quarter, up from their prior forecast of $1.97. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.23 EPS, FY2024 earnings at $8.01 EPS, Q1 2025 earnings at $1.86 EPS, Q2 2025 earnings at $2.26 EPS and FY2025 earnings at $8.95 EPS.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, topping the consensus estimate of C$1.96 by C$0.06. The firm had revenue of C$4.47 billion during the quarter, compared to analyst estimates of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%.

A number of other research analysts have also issued reports on the stock. Sanford C. Bernstein raised their target price on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Raymond James raised their price target on Canadian National Railway from C$185.00 to C$190.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Desjardins boosted their price objective on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Veritas Investment Research lowered Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 target price on the stock. in a report on Wednesday, January 24th. Finally, BMO Capital Markets upped their price target on Canadian National Railway from C$185.00 to C$195.00 in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$184.50.

Canadian National Railway Trading Up 0.5 %

Shares of CNR stock opened at C$171.25 on Friday. Canadian National Railway has a 12 month low of C$143.13 and a 12 month high of C$181.34. The company has a market cap of C$109.64 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. The business’s 50 day moving average is C$175.91 and its two-hundred day moving average is C$165.81.

Insider Transactions at Canadian National Railway

In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 488 shares of the stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of C$177.40 per share, for a total transaction of C$86,571.20. 1.67% of the stock is owned by insiders.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s dividend payout ratio is 39.62%.

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.