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

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Atb Cap Markets boosted their Q2 2024 earnings per share (EPS) estimates for Canadian National Railway in a report issued on Tuesday, April 23rd. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of $2.00 per share for the quarter, up from their prior estimate 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 posted its quarterly earnings data 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. The business had revenue of C$4.47 billion for the quarter, compared to analyst estimates of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%.

Other equities analysts have also issued reports about the company. TD Securities lifted their price objective on Canadian National Railway from C$185.00 to C$190.00 and gave the stock a “hold” rating in a research note on Wednesday. Royal Bank of Canada boosted their price target 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. Veritas Investment Research lowered Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 price target on the stock. in a research note on Wednesday, January 24th. BMO Capital Markets boosted their price target on Canadian National Railway from C$185.00 to C$195.00 in a research note on Monday, April 1st. Finally, UBS Group lowered their price target on Canadian National Railway from C$205.00 to C$202.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$184.50.

Canadian National Railway Trading Up 1.2 %

Canadian National Railway stock opened at C$170.40 on Friday. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.58 and a current ratio of 0.61. The business’s 50-day simple moving average is C$175.98 and its 200-day simple moving average is C$165.64. The firm has a market capitalization of C$109.10 billion, a PE ratio of 19.98, a PEG ratio of 2.06 and a beta of 0.65. 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, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction that occurred 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. In related news, Director Shauneen Elizabeth Bruder acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of C$168.44 per share, for a total transaction of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. 1.67% of the stock is owned by company insiders.

Canadian National Railway Dividend Announcement

The firm 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. This represents a $3.38 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s 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.