Analysts Offer Predictions for Canadian National Railway’s Q3 2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities researchers at Atb Cap Markets decreased their Q3 2024 earnings per share (EPS) estimates for Canadian National Railway in a research note issued to investors on Wednesday, September 11th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $1.80 per share for the quarter, down from their previous forecast of $1.98. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.87 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s FY2024 earnings at $7.57 EPS, Q1 2025 earnings at $1.86 EPS, Q2 2025 earnings at $2.00 EPS, Q3 2025 earnings at $2.05 EPS, Q4 2025 earnings at $2.44 EPS and FY2025 earnings at $8.35 EPS.

Other research analysts have also issued research reports about the company. Scotiabank dropped their target price on 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. JPMorgan Chase & Co. dropped their target price on Canadian National Railway from C$180.00 to C$176.00 in a research report on Wednesday, July 24th. National Bank Financial upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 26th. National Bankshares dropped their target price on Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, CIBC dropped their target price on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and an average target price of C$174.93.

Canadian National Railway Trading Down 0.5 %

Shares of TSE CNR opened at C$161.44 on Friday. The business’s 50 day moving average is C$158.80 and its two-hundred day moving average is C$167.48. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The stock has a market capitalization of C$101.63 billion, a P/E ratio of 19.17, a PEG ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing the consensus estimate of C$1.93 by C($0.09). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The company had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.40 billion.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be issued 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 2.09%. Canadian National Railway’s payout ratio is 40.14%.

Insider Buying and Selling

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of Canadian National Railway stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of C$115.29 per share, with a total value of C$300,906.90. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 544 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of C$160.21 per share, with a total value of C$87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of Canadian National Railway stock in a transaction dated Friday, July 26th. The shares were acquired at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. 1.69% of the stock is currently owned by insiders.

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.