FY2024 EPS Estimates for Canadian National Railway (TSE:CNR) Decreased by National Bank Financial

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities researchers at National Bank Financial reduced their FY2024 earnings estimates for shares of Canadian National Railway in a research report issued on Tuesday, July 23rd. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $7.78 per share for the year, down from their prior estimate of $8.06. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $7.79 per share. National Bank Financial also issued estimates for Canadian National Railway’s FY2025 earnings at $8.84 EPS.

Several other equities analysts also recently commented on CNR. ATB Capital dropped their price objective on shares of Canadian National Railway from C$180.00 to C$177.00 in a research note on Wednesday. Royal Bank of Canada dropped their price objective on shares of Canadian National Railway from C$172.00 to C$169.00 in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Canadian National Railway from C$180.00 to C$176.00 in a research note on Wednesday. Barclays cut their price target on shares of Canadian National Railway from C$175.00 to C$165.00 in a report on Wednesday. Finally, UBS Group cut their price target on shares of Canadian National Railway from C$202.00 to C$189.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$179.29.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$156.82 on Friday. The company has a market cap of C$99.77 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 2.06 and a beta of 0.66. The company has a debt-to-equity ratio of 101.48, a current ratio of 0.60 and a quick ratio of 0.58. The firm has a 50 day simple moving average of C$166.34 and a 200 day simple moving average of C$170.77. Canadian National Railway has a one year low of C$143.13 and a one year high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported C$1.72 EPS for the quarter, meeting the consensus estimate of C$1.72. The business had revenue of C$4.25 billion during the quarter, compared to the consensus estimate of C$4.29 billion. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s dividend payout ratio is presently 41.22%.

Insider Buying and Selling

In other news, Director Shauneen Elizabeth Bruder bought 544 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average price of C$160.21 per share, with a total value of C$87,156.42. 1.69% of the stock is owned by insiders.

About Canadian National Railway

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.