Q3 2024 EPS Estimates for Canadian National Railway (NYSE:CNI) Decreased by Analyst

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Atb Cap Markets cut their Q3 2024 earnings estimates for shares of Canadian National Railway in a report released on Monday, October 14th. Atb Cap Markets analyst C. Murray now expects that the transportation company will earn $1.30 per share for the quarter, down from their prior estimate of $1.33. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.54 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s FY2024 earnings at $5.57 EPS, Q1 2025 earnings at $1.41 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.80 EPS, Q1 2026 earnings at $1.56 EPS, Q2 2026 earnings at $1.65 EPS, Q3 2026 earnings at $1.66 EPS and FY2026 earnings at $6.82 EPS.

CNI has been the topic of a number of other research reports. Evercore ISI dropped their price target on shares of Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating on the stock in a report on Wednesday, September 25th. Stifel Nicolaus lowered their price target on shares of Canadian National Railway from $133.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price target on the stock in a report on Monday, October 7th. The Goldman Sachs Group lowered their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $126.02.

Canadian National Railway Stock Up 0.2 %

NYSE:CNI opened at $115.89 on Wednesday. The firm has a 50-day simple moving average of $115.82 and a two-hundred day simple moving average of $120.33. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. The firm has a market cap of $72.99 billion, a P/E ratio of 18.57, a P/E/G ratio of 2.56 and a beta of 0.88. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.09). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.614 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.46 annualized dividend and a dividend yield of 2.12%. Canadian National Railway’s dividend payout ratio is currently 39.26%.

Hedge Funds Weigh In On Canadian National Railway

Several large investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Canadian National Railway during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC lifted its stake in shares of Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after acquiring an additional 207 shares during the period. Addison Advisors LLC lifted its stake in shares of Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after acquiring an additional 148 shares during the period. ORG Partners LLC acquired a new stake in shares of Canadian National Railway in the 2nd quarter worth $34,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Canadian National Railway in the 1st quarter worth $64,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

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.