Atb Cap Markets Brokers Reduce Earnings Estimates for Canadian National Railway (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities research analysts at Atb Cap Markets cut their Q4 2024 earnings estimates for Canadian National Railway in a report released on Wednesday, September 11th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $2.22 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) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share (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 for the quarter, compared to analysts’ expectations of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%.

Other equities analysts have also issued reports about the stock. Desjardins cut their price objective on shares of Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Barclays cut their price target on shares of Canadian National Railway from C$175.00 to C$165.00 in a report on Wednesday, July 24th. UBS Group cut their price target on shares of Canadian National Railway from C$202.00 to C$189.00 in a report on Wednesday, July 24th. Sanford C. Bernstein lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$195.00 to C$179.00 in a report on Monday, July 8th. Finally, Raymond James cut their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$174.93.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$161.83 on Monday. The firm has a market cap of C$101.87 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.06 and a beta of 0.65. The company’s 50 day moving average is C$158.91 and its 200 day moving average is C$167.15. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34.

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 544 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average cost 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 the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.845 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $3.38 annualized dividend and a dividend yield of 2.09%. Canadian National Railway’s payout ratio is currently 40.14%.

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.