National Bank Financial Commentary on Canadian National Railway’s (TSE:CNR) Q3 2024 Earnings

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Canadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) – Research analysts at National Bank Financial decreased their Q3 2024 earnings per share estimates for shares of Canadian National Railway in a research note issued to investors on Wednesday , September 11. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $1.72 per share for the quarter, down from their prior estimate of $1.91. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Canadian National Railway’s current year earnings is $8.87 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.23 EPS, 2024 earnings at $7.51 EPS and 2025 earnings at $8.63 EPS.

CNR has been the subject of a number of other research reports. CIBC cut their price target on Canadian National Railway from $170.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday. Royal Bank of Canada cut their price target on Canadian National Railway from $169.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday. TD Securities cut their price target on Canadian National Railway from $185.00 to $180.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Desjardins cut their price target on Canadian National Railway from $192.00 to $181.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $174.93, according to MarketBeat.

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Canadian National Railway stock fell 0.5%

Shares of TSE:CNR opened at $161.44 on Friday. Canadian National Railway has a 1 year low of $143.13 and a 1 year high of $181.34. The company has a market cap of $101.63 billion, a PE ratio of 19.17, a P/E/G ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63, and a quick ratio of 0.58. The stock’s 50-day moving average is $158.80 and its 200-day moving average is $167.48.

Canadian National Railway (TSE:CNR – Get Your Free Report ) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.40 billion.

Insider buying and selling

In related news, Director Shauneen Elizabeth Bruder acquired 544 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of $160.21 per share, for a total transaction of $87,156.42. In related news, Director Shauneen Elizabeth Bruder acquired 544 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of $160.21 per share, for a total transaction of $87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $115.29 per share, for a total transaction of $300,906.90. 1.69% of shares are currently owned by company insiders.

Canadian National Railways Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be paid a $0.845 dividend. The ex-dividend date is Friday, September 6. This represents an annualized dividend of $3.38 and a dividend yield of 2.09%. Canadian National Railway’s payout ratio is currently 40.14%.

Profile of Canada’s national railway company

(Get a free report)

Canadian National Railway Company, together with its subsidiaries, engages in rail, intermodal, trucking and shipping and logistics businesses in Canada and the United States. The company provides rail services, which include equipment, custom brokerage, transfer and distribution, business and real estate development, and private car storage services; and intermodal services such as temperature-controlled cargo, port partnerships and logistics parks.