Canadian National Railway Expected to Post Q4 2024 Earnings of $2.22 Per Share (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at Atb Cap Markets reduced their Q4 2024 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 $2.22 per share for the quarter, down from their prior forecast 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 earnings results on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The company 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%.

A number of other research firms have also recently commented on CNR. BMO Capital Markets cut their target price on shares of Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. Stephens raised shares of Canadian National Railway to a “hold” rating in a research note on Wednesday, July 24th. UBS Group dropped their price objective on shares of Canadian National Railway from C$202.00 to C$189.00 in a research note on Wednesday, July 24th. Royal Bank of Canada dropped their price objective on shares of Canadian National Railway from C$169.00 to C$160.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 11th. Finally, TD Securities dropped their price objective on shares of Canadian National Railway from C$185.00 to C$180.00 and set a “hold” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. 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 Stock Down 1.2 %

CNR stock opened at C$161.83 on Monday. The stock has a market capitalization of C$101.87 billion, a P/E ratio of 19.22, a P/E/G ratio of 2.06 and a beta of 0.65. The firm has a 50-day simple moving average of C$158.91 and a 200-day simple moving average of C$167.15. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders 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 annualized dividend and a yield of 2.09%. Canadian National Railway’s payout ratio is 40.14%.

Insider Buying and Selling at Canadian National Railway

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

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.