Q3 2024 Earnings Estimate for Canadian National Railway Issued By Atb Cap Markets (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at Atb Cap Markets lowered their Q3 2024 earnings per share estimates for Canadian National Railway in a research report issued to clients and investors on Tuesday, July 23rd. Atb Cap Markets analyst C. Murray now expects 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.

A number of other equities analysts have also recently commented on CNR. UBS Group cut their target price on shares of Canadian National Railway from C$202.00 to C$189.00 in a report on Wednesday. Raymond James upped their target price on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. National Bank Financial raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 26th. Royal Bank of Canada reduced their price objective on Canadian National Railway from C$172.00 to C$169.00 in a research note on Wednesday. Finally, National Bankshares lowered their target price on Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given 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 stock has a consensus rating of “Hold” and an average target price of C$179.29.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$159.60 on Thursday. The stock has a market cap of C$101.54 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.06 and a beta of 0.66. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The stock has a 50 day moving average of C$166.07 and a two-hundred day moving average of C$170.72. 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 (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$1.72. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. The firm had revenue of C$4.25 billion for the quarter, compared to the consensus estimate of C$4.29 billion.

Canadian National Railway Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.845 per share. The ex-dividend date is Friday, September 6th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.12%. Canadian National Railway’s dividend payout ratio (DPR) is presently 41.22%.

Insider Activity

In related news, Director Shauneen Elizabeth Bruder bought 544 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was bought at an average cost of C$160.21 per share, with a total value of C$87,156.42. In other news, Director Shauneen Elizabeth Bruder bought 544 shares of the stock in a transaction on Tuesday, June 25th. The shares were bought at an average price of C$160.21 per share, with a total value of C$87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the company’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. Insiders own 1.69% of the company’s stock.

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.