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

Canadian National Railway (TSE:CNR) (NYSE:CNI) – National Bank Financial dropped their Q2 2024 earnings per share (EPS) estimates for Canadian National Railway in a note issued to investors on Tuesday, April 23rd. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $1.87 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 announced its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.96 by C$0.06. The business 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%.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. CIBC lifted their price objective on Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Royal Bank of Canada lifted their price objective on Canadian National Railway from C$171.00 to C$172.00 and gave the company a “sector perform” rating in a report on Wednesday. ATB Capital lifted their price objective on Canadian National Railway from C$165.00 to C$180.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. Finally, TD Securities lifted their price objective on Canadian National Railway from C$185.00 to C$190.00 and gave the company a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$184.50.

Canadian National Railway Trading Up 1.2 %

Shares of Canadian National Railway stock opened at C$170.40 on Thursday. The company’s fifty day simple moving average is C$175.98 and its 200-day simple moving average is C$165.64. The company has a market cap of C$109.10 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.06 and a beta of 0.65. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34.

Canadian National Railway Announces Dividend

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

Insiders Place Their Bets

In other news, Director Shauneen Elizabeth Bruder acquired 488 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of C$177.40 per share, with a total value of C$86,571.20. In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 488 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of C$177.40 per share, with a total value of C$86,571.20. Company insiders own 1.67% of the company’s stock.

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.