Q4 2024 EPS Estimates for Canadian National Railway (NYSE:CNI) Decreased by Analyst

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Analysts at Raymond James cut their Q4 2024 EPS estimates for shares of Canadian National Railway in a research report issued on Wednesday, September 11th. Raymond James analyst S. Hansen now expects that the transportation company will post earnings of $1.61 per share for the quarter, down from their prior forecast of $1.66. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.60 per share.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year.

A number of other brokerages have also weighed in on CNI. StockNews.com lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. Scotiabank raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. Finally, Wells Fargo & Company reduced their price objective on Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Sixteen equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $137.35.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $118.77 on Friday. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The company has a market capitalization of $74.79 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.38 and a beta of 0.88. The stock has a fifty day moving average of $116.19 and a two-hundred day moving average of $122.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63.

Institutional Trading of Canadian National Railway

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Canadian National Railway in the second quarter worth about $26,000. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after buying an additional 207 shares during the period. ORG Partners LLC purchased a new position in shares of Canadian National Railway during the second quarter valued at $34,000. Finally, Daiwa Securities Group Inc. acquired a new position in Canadian National Railway during the first quarter valued at $64,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a dividend of $0.614 per share. The ex-dividend date is Friday, September 6th. This represents a $2.46 annualized dividend and a yield of 2.07%. Canadian National Railway’s dividend payout ratio is currently 39.08%.

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.