Canadian National Railway (NYSE:CNI) Issues FY 2024 Earnings Guidance

Canadian National Railway (NYSE:CNI) (TSE:CNR) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 5.940-5.940 for the period, compared to the consensus estimate of 5.840. The company issued revenue guidance of -. Canadian National Railway also updated its FY24 guidance to approx CC$8.01 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stephens reissued an equal weight rating and set a $140.00 target price on shares of Canadian National Railway in a report on Wednesday. Susquehanna boosted their price target on shares of Canadian National Railway from $140.00 to $142.00 and gave the company a neutral rating in a research report on Wednesday. Bank of America upgraded Canadian National Railway from a neutral rating to a buy rating and upped their price objective for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Stifel Nicolaus boosted their target price on Canadian National Railway from $121.00 to $134.00 and gave the stock a hold rating in a research report on Friday, April 12th. Finally, Benchmark reaffirmed a hold rating on shares of Canadian National Railway in a research note on Wednesday. Eighteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $147.86.

Canadian National Railway Stock Down 4.7 %

NYSE CNI traded down $6.06 during trading hours on Wednesday, reaching $123.34. 1,756,767 shares of the company’s stock traded hands, compared to its average volume of 1,010,121. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. The firm has a 50-day simple moving average of $129.80 and a 200 day simple moving average of $122.20. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The firm has a market cap of $78.78 billion, a PE ratio of 19.34, a PEG ratio of 2.25 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. Sell-side analysts anticipate that Canadian National Railway will post 5.94 EPS for the current fiscal year.

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.