Research Analysts Offer Predictions for TSE:CNR Q3 Earnings

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities researchers at Raymond James lowered their Q3 2024 earnings per share (EPS) estimates for Canadian National Railway in a research report issued on Wednesday, October 16th. Raymond James analyst S. Hansen now expects that the company will post earnings per share of $1.70 for the quarter, down from their prior forecast of $1.76. Raymond James has a “Outperform” rating and a $180.00 price objective on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. Raymond James also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.09 EPS, FY2024 earnings at $7.35 EPS and FY2025 earnings at $8.30 EPS.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.93 by C($0.09). The firm had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.40 billion. Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%.

A number of other research firms have also recently issued reports on CNR. Desjardins cut their price objective on Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$169.00 to C$179.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on shares of Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. Scotiabank reduced their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Finally, UBS Group lowered their price target on shares of Canadian National Railway from C$202.00 to C$189.00 in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$175.14.

Canadian National Railway Trading Down 0.7 %

Shares of TSE:CNR opened at C$156.84 on Friday. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The company has a market capitalization of C$98.73 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a 50-day simple moving average of C$157.17 and a 200 day simple moving average of C$164.75.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is currently 40.14%.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder acquired 543 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average price of C$157.53 per share, with a total value of C$85,539.88. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 543 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was purchased at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of Canadian National Railway stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. In the last three months, insiders have purchased 4,383 shares of company stock valued at $585,772. 2.64% of the stock is owned by corporate insiders.

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.