Canadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) – Desjardins reduced their FY2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a research note issued on Tuesday, October 22nd. Desjardins analyst B. Poirier now anticipates that the company will earn $7.28 per share for the year, down from their prior estimate of $7.32. Desjardins has a “Buy” rating and a $180.00 price target on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. Desjardins also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.00 EPS, FY2025 earnings at $8.19 EPS, FY2026 earnings at $9.05 EPS, FY2027 earnings at $9.87 EPS and FY2028 earnings at $10.86 EPS.
Canadian National Railway (TSE:CNR – Get Free Report) (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 the consensus estimate of C$4.40 billion.
Check Out Our Latest Stock Analysis on CNR
Canadian National Railway Trading Up 0.5 %
Shares of CNR stock opened at C$154.25 on Thursday. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The company has a market capitalization of C$97.10 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 52-week low of C$144.23 and a 52-week high of C$181.34. The company has a 50-day simple moving average of C$157.28 and a two-hundred day simple moving average of C$164.26.
Canadian National Railway Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $0.845 per share. The ex-dividend date is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a yield of 2.19%. Canadian National Railway’s dividend payout ratio (DPR) is 40.14%.
Insiders Place Their Bets
In related news, Director David Lund Freeman purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. In other news, Director Shauneen Elizabeth Bruder bought 543 shares of the stock in a transaction on Wednesday, September 25th. The shares were acquired at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director David Lund Freeman purchased 1,000 shares of Canadian National Railway stock in a transaction dated Thursday, October 24th. The shares were purchased at an average price of C$152.57 per share, with a total value of C$152,572.80. Insiders purchased a total of 2,773 shares of company stock worth $437,437 in the last quarter. 2.64% of the stock is owned by company insiders.
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.
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