Atb Cap Markets Weighs in on Canadian National Railway’s Q3 2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Stock analysts at Atb Cap Markets reduced their Q3 2024 EPS estimates for Canadian National Railway in a research note issued to investors on Monday, October 14th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $1.76 per share for the quarter, down from their prior estimate of $1.80. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.60 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.21 EPS, FY2024 earnings at $7.53 EPS, Q3 2025 earnings at $2.03 EPS, Q4 2025 earnings at $2.43 EPS, Q1 2026 earnings at $2.11 EPS, Q2 2026 earnings at $2.23 EPS, Q3 2026 earnings at $2.24 EPS and FY2026 earnings at $9.21 EPS.

A number of other analysts also recently commented on CNR. Citigroup upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday, October 9th. TD Securities decreased their price target on shares of Canadian National Railway from C$185.00 to C$180.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. National Bankshares lowered their price target on shares of Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Desjardins reduced their price objective on shares of Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, ATB Capital lowered their target price on shares of Canadian National Railway from C$177.00 to C$167.00 in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of C$175.14.

Canadian National Railway Stock Up 0.1 %

CNR stock opened at C$159.56 on Wednesday. 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 0.63 and a debt-to-equity ratio of 107.62. The company has a market cap of C$100.44 billion, a PE ratio of 18.95, 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$157.10 and its 200 day simple moving average is C$165.02.

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 company had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion. Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%.

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of C$115.29 per share, with a total value of C$300,906.90. In related news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of Canadian National Railway stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of C$115.29 per share, for a total transaction of C$300,906.90. Also, Director Susan C. Jones acquired 1,230 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were bought at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Insiders have acquired 4,383 shares of company stock valued at $585,772 in the last three months. 1.69% of the stock is owned by corporate insiders.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is currently 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.