Q2 2024 EPS Estimates for Canadian National Railway (TSE:CNR) Lowered by Analyst

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Desjardins decreased their Q2 2024 earnings estimates for shares of Canadian National Railway in a research note issued to investors on Tuesday, April 23rd. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $1.86 per share for the quarter, down from their prior forecast of $1.88. Desjardins currently has a “Buy” rating and a $195.00 target price on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. Desjardins also issued estimates for Canadian National Railway’s Q3 2024 earnings at $2.01 EPS, Q4 2024 earnings at $2.43 EPS, FY2026 earnings at $9.94 EPS and FY2028 earnings at $11.96 EPS.

CNR has been the topic of several other research reports. Barclays raised their price target on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. Veritas Investment Research downgraded shares of Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 price objective on the stock. in a research report on Wednesday, January 24th. National Bankshares lifted their price objective on shares of Canadian National Railway from C$172.00 to C$190.00 in a research report on Thursday, April 4th. JPMorgan Chase & Co. lifted their target price on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, UBS Group lowered their target price on shares of Canadian National Railway from C$205.00 to C$202.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and an average price target of C$184.50.

Canadian National Railway Price Performance

Canadian National Railway stock opened at C$171.25 on Thursday. The firm has a market capitalization 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. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34. The firm has a 50-day moving average price of C$175.91 and a 200-day moving average price of C$165.81. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) 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 net margin of 33.43% and a return on equity of 27.11%.

Insider Activity at Canadian National Railway

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

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio is currently 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.