Atb Cap Markets Weighs in on Canadian National Railway’s Q4 2024 Earnings (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Atb Cap Markets cut their Q4 2024 earnings estimates for shares of Canadian National Railway in a research report issued on Wednesday, September 11th. Atb Cap Markets analyst C. Murray now expects that the transportation company will post earnings per share of $1.64 for the quarter, down from their previous forecast of $1.68. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.58 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q1 2025 earnings at $1.38 EPS.

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

Other analysts have also issued reports about the stock. Barclays reduced their price objective on shares of Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. Wells Fargo & Company reduced their price objective on shares of Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Sanford C. Bernstein lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $146.25 to $130.67 in a research note on Monday, July 8th. Finally, National Bank Financial upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Sixteen analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway has a consensus rating of “Hold” and an average target price of $137.35.

Canadian National Railway Stock Up 1.6 %

Shares of Canadian National Railway stock opened at $120.63 on Monday. The firm has a market cap of $76.29 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.54 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The company has a 50-day moving average of $116.27 and a 200 day moving average of $122.43.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a $0.614 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s payout ratio is 39.07%.

Hedge Funds Weigh In On Canadian National Railway

Institutional investors and hedge funds have recently made changes to their positions in the business. GQG Partners LLC boosted its position in shares of Canadian National Railway by 0.8% in the first quarter. GQG Partners LLC now owns 11,424 shares of the transportation company’s stock worth $1,505,000 after purchasing an additional 93 shares during the period. Choreo LLC boosted its position in shares of Canadian National Railway by 1.5% in the first quarter. Choreo LLC now owns 6,427 shares of the transportation company’s stock worth $846,000 after purchasing an additional 97 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of Canadian National Railway by 2.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock worth $547,000 after purchasing an additional 100 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Canadian National Railway by 1.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock worth $1,105,000 after purchasing an additional 102 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Canadian National Railway by 19.3% in the second quarter. Blue Trust Inc. now owns 648 shares of the transportation company’s stock worth $77,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 80.74% 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.