Q4 2024 Earnings Forecast for Canadian National Railway Issued By Raymond James (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Raymond James decreased their Q4 2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a report released on Wednesday, September 11th. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $2.18 for the quarter, down from their previous forecast of $2.27. Raymond James has a “Outperform” rating and a $180.00 price objective on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.87 per share.

Several other equities analysts have also issued reports on CNR. National Bank Financial upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 26th. BMO Capital Markets decreased their target price on shares of Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating on the stock in a research note on Wednesday. CIBC lowered their price target on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Canadian National Railway from C$180.00 to C$176.00 in a report on Wednesday, July 24th. Finally, National Bankshares lowered their price objective on shares of Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. One equities research 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, Canadian National Railway has a consensus rating of “Hold” and a consensus price target of C$174.93.

Canadian National Railway Stock Performance

TSE:CNR opened at C$161.44 on Friday. The company has a market capitalization of C$101.63 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.06 and a beta of 0.65. The business has a 50 day moving average of C$158.80 and a 200 day moving average of 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.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing the consensus estimate of C$1.93 by C($0.09). The business 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%.

Canadian National Railway Announces Dividend

The firm 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 yield of 2.09%. Canadian National Railway’s dividend payout ratio is presently 40.14%.

Insiders Place Their Bets

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