Research Analysts Set Expectations for Canadian National Railway’s Q4 2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at Atb Cap Markets dropped their Q4 2024 earnings estimates for Canadian National Railway in a research report issued on Wednesday, September 11th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $2.22 for the quarter, down from their previous estimate of $2.31. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.87 per share.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates 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%.

Other equities research analysts have also recently issued reports about the stock. Stephens upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, July 24th. National Bankshares decreased their target price on shares of Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. UBS Group dropped their price target on shares of Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. CIBC cut their price target on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Finally, National Bank Financial upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$174.93.

Canadian National Railway Trading Down 0.5 %

TSE:CNR opened at C$161.44 on Monday. The stock has a fifty day moving average price of C$158.80 and a 200 day moving average price of C$167.33. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The firm has a market cap of C$101.63 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s dividend payout ratio is presently 40.14%.

Insiders Place Their Bets

In related news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the 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. In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was bought at an average cost of C$115.29 per share, with a total value of C$300,906.90. Also, Director Shauneen Elizabeth Bruder purchased 544 shares of the company’s stock in a transaction dated 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. Corporate insiders own 1.69% of the company’s stock.

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.