Research Analysts Offer Predictions for Canadian National Railway’s Q2 2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Research analysts at National Bank Financial cut their Q2 2024 EPS estimates for shares of Canadian National Railway in a note issued to investors on Tuesday, April 23rd. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $1.87 for the quarter, down from their prior forecast of $1.88. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q3 2024 earnings at $2.07 EPS and FY2025 earnings at $9.06 EPS.

Other analysts have also recently issued reports about the company. Barclays boosted their price objective on Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday, April 4th. Desjardins raised their price objective on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the stock a “buy” rating in a report on Friday, April 12th. National Bankshares increased their price target on shares of Canadian National Railway from C$172.00 to C$190.00 in a research report on Thursday, April 4th. UBS Group decreased their price objective on Canadian National Railway from C$205.00 to C$202.00 in a report on Wednesday. Finally, Raymond James raised their target price on Canadian National Railway from C$185.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$184.50.

Canadian National Railway Stock Up 0.5 %

CNR stock opened at C$171.25 on Thursday. 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. The company has a market cap of C$109.64 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The business’s 50-day simple moving average is C$175.91 and its 200 day simple moving average is C$165.81.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$4.47 billion during the quarter, compared to analysts’ expectations of C$4.38 billion.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s payout ratio is 39.62%.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of C$168.44 per share, with a total value of C$1,010,640.00. In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 6,000 shares of Canadian National Railway stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of C$168.44 per share, for a total transaction of C$1,010,640.00. Company insiders own 1.67% of the company’s stock.

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.