Q2 2024 EPS Estimates for Canadian National Railway Lowered by National Bank Financial (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities research analysts at National Bank Financial lowered their Q2 2024 earnings estimates for shares of Canadian National Railway in a research report issued to clients and investors on Tuesday, April 23rd. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $1.87 per share for the quarter, down from their previous forecast of $1.88. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q3 2024 earnings at $2.07 EPS and FY2025 earnings at $9.06 EPS.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results 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. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The firm had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion.

CNR has been the subject of several other research reports. BMO Capital Markets upped their price target on shares of Canadian National Railway from C$185.00 to C$195.00 in a research report on Monday, April 1st. CIBC upped their price objective 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. Raymond James upped their price objective on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company an “outperform” rating in a research note on Monday. Desjardins upped their price objective on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, UBS Group dropped their price objective on shares of Canadian National Railway from C$205.00 to C$202.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$184.50.

Canadian National Railway Stock Up 1.2 %

CNR opened at C$170.40 on Thursday. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. The company has a 50-day moving average price of C$175.98 and a 200 day moving average price of C$165.64. The company has a market cap of C$109.10 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.845 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.98%. Canadian National Railway’s payout ratio is currently 39.62%.

Insider Buying and Selling

In related 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. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 6,000 shares of Canadian National Railway stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of C$168.44 per share, for a total transaction of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. 1.67% of the stock is currently owned by corporate 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.