Analysts Set Expectations for Canadian National Railway’s Q2 2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Raymond James raised their Q2 2024 earnings per share estimates for Canadian National Railway in a research report issued on Wednesday, April 24th. Raymond James analyst S. Hansen now forecasts that the company will post earnings of $2.00 per share for the quarter, up from their previous estimate of $1.99. Raymond James has a “Outperform” rating and a $190.00 price objective on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. Raymond James also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.24 EPS and FY2025 earnings at $9.25 EPS.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, topping the consensus estimate of C$1.96 by C$0.06. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The company had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion.

Several other research firms have also recently issued reports on CNR. JPMorgan Chase & Co. lifted their price objective on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. CIBC raised their price objective on Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. ATB Capital boosted their target price on Canadian National Railway from C$165.00 to C$180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. UBS Group reduced their price objective on Canadian National Railway from C$205.00 to C$202.00 in a research note on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of Canadian National Railway from C$185.00 to C$195.00 in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and an average target price of C$184.50.

Canadian National Railway Stock Performance

TSE CNR opened at C$171.25 on Friday. The business has a 50-day moving average price of C$175.91 and a 200-day moving average price of C$165.81. The firm has a market cap of C$109.64 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 488 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of C$177.40 per share, with a total value of C$86,571.20. In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder bought 488 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were acquired at an average price of C$177.40 per share, for a total transaction of C$86,571.20. Corporate insiders own 1.67% of the company’s stock.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.845 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.38 dividend on an annualized basis and a yield of 1.97%. Canadian National Railway’s payout ratio is 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.