Q3 2024 EPS Estimates for Canadian National Railway Reduced by Analyst (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Investment analysts at Raymond James decreased their Q3 2024 earnings per share (EPS) estimates for Canadian National Railway in a research report issued on Wednesday, September 11th. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $1.76 for the quarter, down from their prior forecast of $2.02. Raymond James currently has a “Outperform” rating and a $180.00 price target on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.87 per share. Raymond James also issued estimates for Canadian National Railway’s FY2024 earnings at $7.50 EPS and FY2025 earnings at $8.60 EPS.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued 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 return on equity of 27.41% and a net margin of 32.02%.

A number of other equities research analysts also recently commented on CNR. TD Securities lowered their price objective on Canadian National Railway from C$185.00 to C$180.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. Sanford C. Bernstein lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$195.00 to C$179.00 in a report on Monday, July 8th. Royal Bank of Canada decreased their target price on shares of Canadian National Railway from C$169.00 to C$160.00 and set a “sector perform” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of Canadian National Railway from C$180.00 to C$176.00 in a research report on Wednesday, July 24th. Finally, 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 report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and an average target price of C$175.64.

Canadian National Railway Stock Up 0.3 %

Shares of TSE CNR opened at C$158.08 on Thursday. The firm has a market cap of C$99.51 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. 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 has a 1 year low of C$143.13 and a 1 year high of C$181.34. The firm’s 50 day moving average price is C$158.84 and its 200 day moving average price is C$167.56.

Insider Activity at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 544 shares of Canadian National Railway stock in a transaction dated Tuesday, June 25th. The shares were acquired at an average cost of C$160.21 per share, with a total value of C$87,156.42. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average price of C$160.21 per share, for a total transaction of C$87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the stock in a transaction on Friday, July 26th. The shares were acquired at an average price 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.

Canadian National Railway Dividend Announcement

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 paid a $0.845 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.14%. Canadian National Railway’s dividend payout ratio (DPR) is currently 40.14%.

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.