Canadian National Railway (TSE:CNR) to Post Q3 2024 Earnings of $2.04 Per Share, National Bank Financial Forecasts

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI - Stock analysts at National Bank Financial increased their Q3 2024 earnings per share (EPS) estimates for Canadian National Railway in a note issued to investors on Wednesday, April 3rd. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $2.04 per share for the quarter, up from their prior forecast of $2.01. The consensus estimate for Canadian National Railway's current full-year earnings is $8.08 per share. National Bank Financial also issued estimates for Canadian National Railway's Q4 2024 earnings at $2.44 EPS and FY2024 earnings at $8.05 EPS.

Several other analysts have also recently weighed in on the company. Royal Bank of Canada boosted their price target on Canadian National Railway from C$164.00 to C$171.00 in a report on Monday. Veritas Investment Research cut Canadian National Railway from a "buy" rating to a "reduce" rating and set a C$168.00 price target on the stock. in a report on Wednesday, January 24th. ATB Capital boosted their price target on Canadian National Railway from C$165.00 to C$180.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 24th. Scotiabank boosted their price target on Canadian National Railway from C$173.00 to C$184.00 and gave the stock a "sector perform" rating in a report on Monday, March 25th. Finally, Barclays boosted their price target on Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of "Hold" and a consensus price target of C$182.29.

Canadian National Railway Price Performance

TSE CNR traded up C$1.44 during trading on Friday, hitting C$176.30. 604,913 shares of the company's stock were exchanged, compared to its average volume of 965,936. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89. The company has a market cap of C$112.87 billion, a PE ratio of 20.64, a P/E/G ratio of 2.06 and a beta of 0.66. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The stock's 50 day moving average price is C$174.73 and its two-hundred day moving average price is C$162.95.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last posted its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 EPS for the quarter, beating analysts' consensus estimates of C$1.96 by C$0.06. The business had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a $0.845 dividend. The ex-dividend date was Wednesday, March 6th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.79. This represents a $3.38 annualized dividend and a yield of 1.92%. Canadian National Railway's dividend payout ratio is presently 39.58%.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the business's stock in a transaction on 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. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the business's stock in a transaction on 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. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. 1.67% of the stock is currently owned by company insiders.

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.