Raymond James Financial Comments on CNI Q3 Earnings

Key Points

• Raymond James Financial has reduced its Q3 2025 earnings forecast for Canadian National Railway (CNI) to $1.37 per share, down from $1.39, while maintaining an "Outperform" rating on the stock.
• The company declared a quarterly dividend of **$0.6507**, marking an increase from the previous dividend, resulting in an annualized yield of **2.71%**.
• Institutional investors own approximately **80.74%** of Canadian National Railway's stock, with several hedge funds recently adjusting their positions in the company.

Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR - Analysts at Raymond James Financial lowered their Q3 2025 earnings per share estimates for Canadian National Railway in a research report issued to clients and investors on Wednesday, July 23rd. Raymond James Financial analyst S. Hansen now expects that the transportation company will earn $1.37 per share for the quarter, down from their prior estimate of $1.39. Raymond James Financial currently has a "Outperform" rating on the stock. The consensus estimate for Canadian National Railway's current full-year earnings is $5.52 per share. Raymond James Financial also issued estimates for Canadian National Railway's Q4 2025 earnings at $1.56 EPS and FY2026 earnings at $6.36 EPS.

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

CNI has been the subject of a number of other research reports. Citigroup lowered their target price on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, July 9th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Stephens upped their target price on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Susquehanna lowered their target price on Canadian National Railway from $122.00 to $120.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $118.36.

Canadian National Railway Trading Down 1.0%

Shares of NYSE CNI traded down $0.93 during trading hours on Friday, reaching $94.95. The stock had a trading volume of 524,611 shares, compared to its average volume of 1,468,962. The business's fifty day moving average price is $103.72 and its two-hundred day moving average price is $101.47. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The firm has a market cap of $59.48 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 2.13 and a beta of 0.97. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $121.12.

Institutional Investors Weigh In On Canadian National Railway

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNI. American Century Companies Inc. grew its position in Canadian National Railway by 6.7% during the 4th quarter. American Century Companies Inc. now owns 147,878 shares of the transportation company's stock worth $15,017,000 after purchasing an additional 9,340 shares during the period. Vanguard Group Inc. grew its position in Canadian National Railway by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock worth $2,334,251,000 after purchasing an additional 101,228 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Canadian National Railway during the 4th quarter worth about $52,000. Financial Counselors Inc. boosted its stake in shares of Canadian National Railway by 27.8% during the 4th quarter. Financial Counselors Inc. now owns 2,301 shares of the transportation company's stock worth $234,000 after acquiring an additional 501 shares in the last quarter. Finally, Korea Investment CORP grew its position in shares of Canadian National Railway by 45.4% during the 4th quarter. Korea Investment CORP now owns 357,045 shares of the transportation company's stock valued at $36,238,000 after acquiring an additional 111,454 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be given a $0.6507 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.74%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Monday, September 8th. Canadian National Railway's dividend payout ratio is presently 49.81%.

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.