Atb Cap Markets Issues Pessimistic Outlook for CNI Earnings

Canadian National Railway Company (NYSE:CNIFree Report) (TSE:CNR) – Equities research analysts at Atb Cap Markets dropped their Q4 2026 earnings per share estimates for Canadian National Railway in a research report issued on Tuesday, October 14th. Atb Cap Markets analyst C. Murray now anticipates that the transportation company will earn $1.59 per share for the quarter, down from their prior forecast of $1.64. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.52 per share.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the prior year, the business posted $1.84 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year.

Several other equities research analysts have also issued reports on CNI. Raymond James Financial raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Thursday, July 17th. Argus upgraded shares of Canadian National Railway to a “hold” rating in a research report on Friday, June 27th. National Bank Financial cut shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. Finally, Bank of America decreased their price target on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of $113.90.

Check Out Our Latest Report on CNI

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $95.69 on Friday. Canadian National Railway has a 12-month low of $91.07 and a 12-month high of $114.99. The firm has a market capitalization of $59.21 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average of $94.79 and a 200 day moving average of $98.84.

Institutional Trading of Canadian National Railway

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ethic Inc. grew its stake in Canadian National Railway by 204.2% in the 3rd quarter. Ethic Inc. now owns 6,377 shares of the transportation company’s stock worth $601,000 after acquiring an additional 4,281 shares in the last quarter. Weatherly Asset Management L. P. increased its holdings in Canadian National Railway by 4.9% during the 3rd quarter. Weatherly Asset Management L. P. now owns 3,215 shares of the transportation company’s stock worth $303,000 after purchasing an additional 150 shares during the period. CWM LLC increased its holdings in Canadian National Railway by 45.6% during the 3rd quarter. CWM LLC now owns 19,446 shares of the transportation company’s stock worth $1,834,000 after purchasing an additional 6,093 shares during the period. Canoe Financial LP raised its position in Canadian National Railway by 6.0% during the 3rd quarter. Canoe Financial LP now owns 2,768,282 shares of the transportation company’s stock valued at $261,007,000 after purchasing an additional 156,027 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Canadian National Railway by 15.2% in the 3rd quarter. Inspire Investing LLC now owns 23,748 shares of the transportation company’s stock worth $2,240,000 after buying an additional 3,135 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 8th were given a dividend of $0.6507 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, September 8th. Canadian National Railway’s dividend payout ratio (DPR) is presently 50.19%.

Canadian National Railway Company Profile

(Get Free Report)

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.

Recommended Stories

Earnings History and Estimates for Canadian National Railway (NYSE:CNI)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.