FY2024 EPS Estimates for TSE:CNR Cut by Atb Cap Markets

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities researchers at Atb Cap Markets lowered their FY2024 earnings per share (EPS) estimates for Canadian National Railway in a research report issued on Tuesday, October 22nd. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $7.35 for the year, down from their prior forecast of $7.53. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.07 EPS, Q2 2025 earnings at $2.04 EPS, Q3 2025 earnings at $1.98 EPS, Q4 2025 earnings at $2.33 EPS, Q1 2026 earnings at $2.12 EPS, Q2 2026 earnings at $2.28 EPS and FY2026 earnings at $9.20 EPS.

Other equities research analysts have also recently issued research reports about the company. ATB Capital increased their target price on Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday. Sanford C. Bernstein decreased their price objective on Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. Scotiabank cut 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 research note on Wednesday, September 11th. TD Securities decreased their price target on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating for the company in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of C$171.07.

Canadian National Railway Stock Down 1.0 %

CNR stock opened at C$153.52 on Thursday. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The company’s 50 day simple moving average is C$157.27 and its 200-day simple moving average is C$164.33. Canadian National Railway has a 12 month low of C$143.16 and a 12 month high of C$181.34. The firm has a market capitalization of C$96.64 billion, a PE ratio of 18.26, a P/E/G ratio of 3.38 and a beta of 0.65.

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

Insider Transactions at Canadian National Railway

In other news, Director Susan C. Jones bought 1,230 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, September 17th. The shares were purchased at an average price of C$162.05 per share, for a total transaction of C$199,324.82. In other Canadian National Railway news, Director Susan C. Jones purchased 1,230 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were purchased at an average price of C$162.05 per share, for a total transaction of C$199,324.82. Also, Director Shauneen Elizabeth Bruder purchased 543 shares of Canadian National Railway stock in a transaction on Wednesday, September 25th. The shares were acquired at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. Insiders own 2.64% of the company’s stock.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.845 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 annualized dividend and a dividend yield of 2.20%. Canadian National Railway’s dividend payout ratio is presently 40.14%.

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.