Q2 2024 Earnings Forecast for Canadian National Railway Issued By Atb Cap Markets (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Investment analysts at Atb Cap Markets raised their Q2 2024 EPS estimates for Canadian National Railway in a research note issued on Tuesday, April 23rd. Atb Cap Markets analyst C. Murray now forecasts that the company will earn $2.00 per share for the quarter, up from their previous forecast of $1.97. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.23 EPS, FY2024 earnings at $8.01 EPS, Q1 2025 earnings at $1.86 EPS, Q2 2025 earnings at $2.26 EPS and FY2025 earnings at $8.95 EPS.

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

CNR has been the topic of several other reports. CIBC increased their price target on shares of Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Sanford C. Bernstein increased their price target on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Royal Bank of Canada raised their price objective on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the company a “sector perform” rating in a research note on Wednesday. Barclays raised their price objective on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. Finally, ATB Capital raised their price objective on shares of Canadian National Railway from C$165.00 to C$180.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. One 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$184.50.

Canadian National Railway Price Performance

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

Insider Transactions at Canadian National Railway

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

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.845 per share. The ex-dividend date of this dividend 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 presently 39.62%.

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.