Atb Cap Markets Brokers Lower Earnings Estimates for TSE:CNR

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities researchers at Atb Cap Markets decreased their FY2024 earnings estimates for Canadian National Railway in a report released on Tuesday, October 22nd. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $7.35 for the year, down from their previous forecast of $7.53. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.07 EPS, Q2 2025 earnings at $2.04 EPS, Q3 2025 earnings at $1.98 EPS, Q4 2025 earnings at $2.33 EPS, Q1 2026 earnings at $2.12 EPS, Q2 2026 earnings at $2.28 EPS and FY2026 earnings at $9.20 EPS.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The firm had revenue of C$4.33 billion for the quarter, compared to analyst estimates of C$4.40 billion.

A number of other brokerages have also issued reports on CNR. Citigroup lifted their target price on Canadian National Railway from C$125.00 to C$126.00 and gave the stock a “neutral” rating in a research report on Wednesday. TD Securities cut their target price on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a research report on Wednesday. Stephens upgraded Canadian National Railway to a “hold” rating in a research note on Wednesday, July 24th. CIBC dropped their price target on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Finally, Raymond James reduced their price objective on shares of 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and a consensus price target of C$171.07.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$153.52 on Thursday. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The company’s fifty day moving average price is C$157.27 and its two-hundred day moving average price is C$164.33. The firm has a market capitalization of C$96.64 billion, a P/E ratio of 18.26, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 12 month low of C$143.16 and a 12 month high of C$181.34.

Insider Activity

In related news, Director Susan C. Jones bought 1,230 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were purchased at an average cost of C$162.05 per share, with a total value of C$199,324.82. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 543 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director Susan C. Jones bought 1,230 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was acquired at an average price of C$162.05 per share, for a total transaction of C$199,324.82. Corporate insiders own 2.64% of the company’s stock.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a $0.845 dividend. The ex-dividend date is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a yield of 2.20%. Canadian National Railway’s payout ratio is currently 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.