Q2 2024 EPS Estimates for Canadian National Railway (TSE:CNR) Lifted by Atb Cap Markets

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Investment analysts at Atb Cap Markets increased their Q2 2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a report issued on Tuesday, April 23rd. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $2.00 for the quarter, up from their previous forecast of $1.97. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.23 EPS, FY2024 earnings at $8.01 EPS, Q1 2025 earnings at $1.86 EPS, Q2 2025 earnings at $2.26 EPS and FY2025 earnings at $8.95 EPS.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$4.47 billion for the quarter, compared to analyst estimates of C$4.38 billion.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets lifted 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. Barclays lifted their price objective on Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday, April 4th. National Bankshares increased their target price on Canadian National Railway from C$172.00 to C$190.00 in a report on Thursday, April 4th. UBS Group decreased their price target on Canadian National Railway from C$205.00 to C$202.00 in a research report on Wednesday. Finally, TD Securities upped their price objective on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the stock a “hold” rating in a research report on Wednesday. One 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$184.50.

Canadian National Railway Stock Performance

TSE CNR opened at C$171.25 on Friday. The firm has a 50-day moving average price of C$175.91 and a two-hundred day moving average price of C$165.81. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34. The company has a market capitalization of C$109.64 billion, a P/E ratio of 20.08, a P/E/G 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.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $0.845 dividend. 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 1.97%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.62%.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 488 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average cost of C$177.40 per share, with a total value of C$86,571.20. In other Canadian National Railway 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 bought 488 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price 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.