Analysts Issue Forecasts for CNI FY2028 Earnings

Key Points

• Desjardins analysts forecast Canadian National Railway's FY2028 earnings to be $7.26 per share, up from the current consensus estimate of $5.52 per share.
• The company's recent quarterly earnings revealed a miss of $0.02 against analysts' estimates, reporting $1.35 EPS and a revenue drop of 1.3% year-over-year.
• Canadian National Railway recently increased its quarterly dividend to $0.6507 per share, reflecting a 2.7% annual yield.

Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR - Desjardins issued their FY2028 earnings per share (EPS) estimates for Canadian National Railway in a research note issued on Monday, October 6th. Desjardins analyst B. Poirier forecasts that the transportation company will post earnings of $7.26 per share for the year. The consensus estimate for Canadian National Railway's current full-year earnings is $5.52 per share.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the firm posted $1.84 earnings per share. The business's quarterly revenue was down 1.3% compared to the same quarter last year.

A number of other equities analysts also recently commented on the company. Raymond James Financial raised Canadian National Railway from a "market perform" rating to an "outperform" rating in a research report on Thursday, July 17th. Wall Street Zen cut Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Saturday. JPMorgan Chase & Co. restated a "neutral" rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Bank of America decreased their target price on Canadian National Railway from $106.00 to $102.00 and set a "neutral" rating for the company in a research note on Monday, September 29th. Finally, Evercore ISI cut Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price for the company. in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $116.11.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $96.87 on Wednesday. Canadian National Railway has a one year low of $91.07 and a one year high of $116.79. The company has a market cap of $60.14 billion, a PE ratio of 18.63, a P/E/G ratio of 2.16 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The business has a 50-day simple moving average of $94.42 and a 200-day simple moving average of $99.02.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 8th were paid a $0.6507 dividend. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, September 8th. Canadian National Railway's dividend payout ratio (DPR) is presently 50.19%.

Institutional Investors Weigh In On Canadian National Railway

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNI. Norges Bank purchased a new stake in Canadian National Railway in the second quarter valued at approximately $591,904,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Canadian National Railway during the second quarter worth approximately $310,489,000. Fisher Asset Management LLC purchased a new stake in shares of Canadian National Railway during the second quarter worth approximately $189,748,000. The Manufacturers Life Insurance Company raised its stake in shares of Canadian National Railway by 37.3% during the first quarter. The Manufacturers Life Insurance Company now owns 5,296,701 shares of the transportation company's stock worth $518,260,000 after purchasing an additional 1,439,617 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Canadian National Railway by 26.6% during the second quarter. The Manufacturers Life Insurance Company now owns 6,705,679 shares of the transportation company's stock worth $695,048,000 after purchasing an additional 1,408,978 shares during the last quarter. Hedge funds and other institutional investors own 80.74% 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.

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