Canadian National Railway Expected to Earn FY2024 Earnings of $8.05 Per Share (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities research analysts at Desjardins lifted their FY2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a report issued on Tuesday, April 23rd. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $8.05 for the year, up from their prior forecast of $7.96. Desjardins currently has a “Buy” rating and a $195.00 target price on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. Desjardins also issued estimates for Canadian National Railway’s FY2025 earnings at $8.97 EPS.

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

A number of other research analysts have also recently commented on CNR. BMO Capital Markets raised their target price on Canadian National Railway from C$185.00 to C$195.00 in a research note on Monday, April 1st. 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 research note on Wednesday. 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 research note on Wednesday. Scotiabank lifted their price objective on Canadian National Railway from C$173.00 to C$184.00 and gave the company a “sector perform” rating in a research note on Monday, March 25th. Finally, Barclays lifted their price objective on Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$184.50.

Canadian National Railway Trading Up 0.5 %

CNR opened at C$171.25 on Friday. The stock has a market cap of C$109.64 billion, a PE ratio of 20.08, a PEG ratio of 2.06 and a beta of 0.65. 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 business has a 50 day moving average of C$175.91 and a 200-day moving average of C$165.81. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder acquired 488 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of C$177.40 per share, with a total value of C$86,571.20. In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction on 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 acquired 488 shares of the business’s stock in a transaction that occurred 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. Company insiders own 1.67% of the company’s stock.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s dividend payout ratio is currently 39.62%.

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.