Canadian National Railway (TSE:CNR) to Post Q3 2024 Earnings of $1.98 Per Share, Atb Cap Markets Forecasts

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Research analysts at Atb Cap Markets reduced their Q3 2024 earnings per share (EPS) estimates for Canadian National Railway in a report issued on Tuesday, July 23rd. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $1.98 for the quarter, down from their previous estimate of $2.06. The consensus estimate for Canadian National Railway’s current full-year earnings is $7.79 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.31 EPS and FY2024 earnings at $7.84 EPS.

Several other analysts also recently weighed in on the company. Royal Bank of Canada cut their price target on Canadian National Railway from C$172.00 to C$169.00 in a research note on Wednesday. Scotiabank cut their target price on Canadian National Railway from C$188.00 to C$187.00 in a research note on Wednesday. Desjardins lowered their price target on Canadian National Railway from C$194.00 to C$192.00 in a research report on Wednesday. BMO Capital Markets cut their price objective on shares of Canadian National Railway from C$188.00 to C$182.00 in a research report on Wednesday. Finally, ATB Capital decreased their target price on shares of Canadian National Railway from C$180.00 to C$177.00 in a report on Wednesday. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$179.29.

Canadian National Railway Price Performance

Shares of CNR opened at C$159.60 on Thursday. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The firm’s 50-day simple moving average is C$166.07 and its two-hundred day simple moving average is C$170.72. The stock has a market cap of C$101.54 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. The company has a debt-to-equity ratio of 101.48, a quick ratio of 0.58 and a current ratio of 0.60.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$1.72. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%. The company had revenue of C$4.25 billion during the quarter, compared to analysts’ expectations of C$4.29 billion.

Canadian National Railway Announces Dividend

The company 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 $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s payout ratio is currently 41.22%.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the stock in a transaction dated Friday, July 26th. The shares were purchased at an average price 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 acquired 2,610 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was purchased at an average price of C$115.29 per share, with a total value of C$300,906.90. Also, Director Shauneen Elizabeth Bruder acquired 544 shares of Canadian National Railway stock in a transaction dated Tuesday, June 25th. The stock was 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 owned by company 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.