Q4 2024 EPS Estimates for Canadian National Railway (TSE:CNR) Cut by Analyst

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI - Equities research analysts at Atb Cap Markets decreased their Q4 2024 EPS estimates for shares of Canadian National Railway in a research note issued on Wednesday, September 11th. Atb Cap Markets analyst C. Murray now anticipates that the company will earn $2.22 per share for the quarter, down from their previous 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 - Get Free Report) NYSE: CNI last posted its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing the consensus estimate of C$1.93 by C($0.09). The business had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion. Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%.

Several other research firms have also recently commented on CNR. Barclays lowered their price target on shares of Canadian National Railway from C$175.00 to C$165.00 in a report on Wednesday, July 24th. Desjardins lowered their target price on shares of Canadian National Railway from C$192.00 to C$181.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. Scotiabank cut their price target on Canadian National Railway from C$187.00 to C$180.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 11th. TD Securities lowered their price objective on Canadian National Railway from C$185.00 to C$180.00 and set a "hold" rating for the company in a research report on Wednesday, July 24th. Finally, CIBC cut their target price on Canadian National Railway from C$170.00 to C$160.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$174.93.

Canadian National Railway Stock Up 1.5 %

Shares of CNR stock traded up C$2.43 during trading hours on Monday, reaching C$163.87. 888,166 shares of the stock were exchanged, compared to its average volume of 1,113,150. The business's fifty day moving average is C$158.80 and its two-hundred day moving average is C$167.33. The firm has a market capitalization of C$103.16 billion, a P/E ratio of 19.17, a P/E/G 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. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58.

Insider Buying and Selling

In related news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the company's stock in a transaction that occurred on 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 news, Director Shauneen Elizabeth Bruder acquired 544 shares of the business's stock in a transaction on Tuesday, June 25th. The stock was bought at an average price of C$160.21 per share, for a total transaction of C$87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of Canadian National Railway 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. 1.69% of the stock is owned by company insiders.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be given 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 2.06%. Canadian National Railway's dividend payout ratio (DPR) is 40.14%.

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.