Q2 2024 EPS Estimates for Canadian National Railway (TSE:CNR) Decreased by Analyst

Posted by Defense World Staff on Apr 8th, 2024

Canadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) – Investment analysts at National Bank Financial dropped their Q2 2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a report issued on Wednesday, April 3rd. National Bank Financial analyst C. Doerksen now expects that the company will earn $1.88 per share for the quarter, down from their previous forecast of $1.91. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.08 per share.

Other research analysts have also issued research reports about the company. BMO Capital Markets raised their price objective on Canadian National Railway from C$185.00 to C$195.00 in a research report on Monday, April 1st. Sanford C. Bernstein raised their price objective on shares of Canadian National Railway from C$187.00 to C$191.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Barclays raised their price objective on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday. Veritas Investment Research lowered Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 price target for the company. in a report on Wednesday, January 24th. Finally, Royal Bank of Canada upped their target price on Canadian National Railway from C$164.00 to C$171.00 in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$182.29.

View Our Latest Research Report on Canadian National Railway

Canadian National Railway Price Performance

TSE:CNR opened at C$176.30 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. The business’s 50-day simple moving average is C$174.73 and its two-hundred day simple moving average is C$163.10. The stock 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 52 week low of C$143.13 and a 52 week high of C$181.34.

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

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were given a dividend of $0.845 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.79. This represents a $3.38 annualized dividend and a yield of 1.92%. The ex-dividend date was Wednesday, March 6th. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.58%.

Insiders Place Their Bets

In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder bought 488 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. 1.67% of the stock is owned by insiders.

Canadian National Railway Company Profile

(Get Free Report)

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.