Research Analysts Issue Forecasts for Canadian National Railway's Q2 2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI - Investment analysts at National Bank Financial boosted their Q2 2024 earnings per share estimates for shares of Canadian National Railway in a report released on Thursday, June 27th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $1.93 for the quarter, up from their prior estimate of $1.87. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for Canadian National Railway's current full-year earnings is $7.79 per share. National Bank Financial also issued estimates for Canadian National Railway's FY2025 earnings at $9.07 EPS.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last announced 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 firm had revenue of C$4.25 billion for the quarter, compared to the consensus estimate of C$4.29 billion.

A number of other analysts have also recently commented on the company. Royal Bank of Canada upped their price objective on Canadian National Railway from C$171.00 to C$172.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 24th. Sanford C. Bernstein increased their price objective on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the stock an "outperform" rating in a research note on Monday, April 15th. Desjardins boosted their target price on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the company a "buy" rating in a research report on Friday, April 12th. Raymond James increased their price target on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the stock an "outperform" rating in a research report on Monday, April 22nd. Finally, UBS Group cut their price objective on shares of Canadian National Railway from C$205.00 to C$202.00 in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of "Hold" and an average price target of C$184.00.

Canadian National Railway Stock Performance

CNR stock traded up C$0.11 on Monday, hitting C$161.66. The company had a trading volume of 1,135,783 shares, compared to its average volume of 1,073,046. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 101.48. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34. The stock has a market cap of C$102.85 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 2.06 and a beta of 0.66. The stock's 50-day simple moving average is C$169.50 and its 200 day simple moving average is C$171.13.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder acquired 544 shares of the firm's stock in a transaction on Tuesday, June 25th. The stock was acquired at an average price of C$160.21 per share, with a total value of C$87,156.42. Insiders own 1.69% of the company's stock.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Friday, June 7th. Canadian National Railway's dividend payout ratio (DPR) is 41.22%.

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.