FY2024 Earnings Estimate for CNI Issued By Atb Cap Markets

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Research analysts at Atb Cap Markets lowered their FY2024 EPS estimates for Canadian National Railway in a report released on Tuesday, October 22nd. Atb Cap Markets analyst C. Murray now expects that the transportation company will earn $5.29 per share for the year, down from their prior forecast of $5.57. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.50 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2024 earnings at $1.49 EPS, Q3 2025 earnings at $1.43 EPS, Q4 2025 earnings at $1.68 EPS, Q1 2026 earnings at $1.53 EPS, Q2 2026 earnings at $1.64 EPS, Q3 2026 earnings at $1.61 EPS and FY2026 earnings at $6.62 EPS.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 EPS.

Other equities analysts have also issued research reports about the company. Bank of America lowered Canadian National Railway from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $129.00 to $122.00 in a research note on Friday, October 4th. Stifel Nicolaus raised their price objective on Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a report on Wednesday. Royal Bank of Canada upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Scotiabank upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Finally, Evercore ISI reduced their target price on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $125.10.

Canadian National Railway Trading Down 0.2 %

Shares of Canadian National Railway stock opened at $111.99 on Thursday. The firm has a market capitalization of $70.53 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.50 and a beta of 0.88. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The firm’s 50 day simple moving average is $116.02 and its two-hundred day simple moving average is $119.72.

Institutional Trading of Canadian National Railway

Several institutional investors and hedge funds have recently made changes to their positions in the business. 1832 Asset Management L.P. lifted its position in Canadian National Railway by 7.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after acquiring an additional 674,536 shares in the last quarter. Capital International Investors lifted its stake in Canadian National Railway by 18.1% in the 1st quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock valued at $1,185,647,000 after purchasing an additional 1,379,976 shares during the last quarter. JARISLOWSKY FRASER Ltd increased its holdings in shares of Canadian National Railway by 1.2% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock worth $1,017,315,000 after acquiring an additional 99,716 shares during the last quarter. Fiera Capital Corp boosted its holdings in shares of Canadian National Railway by 13.3% during the 2nd quarter. Fiera Capital Corp now owns 5,443,461 shares of the transportation company’s stock worth $643,503,000 after buying an additional 638,817 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Canadian National Railway by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company’s stock worth $570,667,000 after buying an additional 120,453 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Cuts 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 given a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.18%. Canadian National Railway’s payout ratio is 39.26%.

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.