Canadian National Railway (TSE:CNR) to Post FY2024 Earnings of $8.03 Per Share, National Bank Financial Forecasts

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities research analysts at National Bank Financial reduced their FY2024 earnings estimates for shares of Canadian National Railway in a research note issued to investors on Tuesday, April 23rd. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $8.03 per share for the year, down from their previous forecast of $8.05. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.37 EPS.

A number of other equities analysts have also commented on CNR. CIBC increased their price target on shares of Canadian National Railway from C$177.00 to C$183.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. National Bankshares increased their price target on shares of Canadian National Railway from C$172.00 to C$190.00 in a report on Thursday, April 4th. UBS Group reduced their target price on shares of Canadian National Railway from C$205.00 to C$202.00 in a report on Wednesday. Veritas Investment Research lowered shares of Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 target price on the stock. in a report on Wednesday, January 24th. Finally, Sanford C. Bernstein increased their target price on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the company an “outperform” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$184.50.

Canadian National Railway Stock Performance

TSE CNR opened at C$170.40 on Friday. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. The stock has a market capitalization of C$109.10 billion, a PE ratio of 19.98, a P/E/G ratio of 2.06 and a beta of 0.65. The company’s 50 day simple moving average is C$175.98 and its two-hundred day simple moving average is C$165.64.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.96 by C$0.06. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The business had revenue of C$4.47 billion for the quarter, compared to analysts’ expectations of C$4.38 billion.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $0.845 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.38 annualized dividend and a dividend yield of 1.98%. Canadian National Railway’s dividend payout ratio is 39.62%.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder bought 488 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average cost of C$177.40 per share, with a total value of C$86,571.20. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 488 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average cost of C$177.40 per share, with a total value of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. Corporate insiders own 1.67% of the company’s stock.

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.