Q2 2024 Earnings Forecast for Canadian National Railway (TSE:CNR) Issued By Atb Cap Markets

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at Atb Cap Markets dropped their Q2 2024 earnings per share (EPS) estimates for Canadian National Railway in a report issued on Monday, April 8th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $1.97 per share for the quarter, down from their previous forecast of $2.09. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.08 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q3 2024 earnings at $2.06 EPS, Q4 2024 earnings at $2.26 EPS, FY2024 earnings at $8.03 EPS, Q2 2025 earnings at $2.19 EPS and FY2025 earnings at $8.94 EPS.

A number of other research analysts have also issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. BMO Capital Markets upped their target price on shares of Canadian National Railway from C$185.00 to C$195.00 in a research report on Monday, April 1st. TD Securities lifted their price target on Canadian National Railway from C$180.00 to C$185.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. ATB Capital raised their target price on Canadian National Railway from C$165.00 to C$180.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Finally, CIBC boosted their price target on Canadian National Railway from C$177.00 to C$183.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and a consensus price target of C$182.71.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$176.95 on Thursday. The company has a market cap of C$113.29 billion, a P/E ratio of 20.72, a PEG ratio of 2.06 and a beta of 0.66. The business has a 50 day moving average of C$175.67 and a two-hundred day moving average of C$163.90. Canadian National Railway has a 52 week low of C$143.13 and a 52 week 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.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.96 by C$0.06. The company had revenue of C$4.47 billion for the quarter, compared to the consensus estimate of C$4.38 billion. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were given a $0.845 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.79. The ex-dividend date was Wednesday, March 6th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.91%. Canadian National Railway’s dividend payout ratio (DPR) is 39.58%.

Insider Buying and Selling

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