Zacks Research Equities Analysts Lower Earnings Estimates for Canadian National Railway (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Research analysts at Zacks Research decreased their Q3 2024 EPS estimates for Canadian National Railway in a research note issued on Thursday, August 29th. Zacks Research analyst M. Basu now anticipates that the company will post earnings per share of $1.89 for the quarter, down from their previous estimate of $2.01. The consensus estimate for Canadian National Railway’s current full-year earnings is $7.70 per share. Zacks Research also issued estimates for Canadian National Railway’s FY2024 earnings at $7.67 EPS, Q1 2025 earnings at $1.88 EPS, Q2 2025 earnings at $2.04 EPS, Q3 2025 earnings at $2.12 EPS, FY2025 earnings at $8.50 EPS, Q1 2026 earnings at $2.26 EPS, Q2 2026 earnings at $2.36 EPS and FY2026 earnings at $9.45 EPS.

CNR has been the subject of several other reports. JPMorgan Chase & Co. decreased their price objective on shares of Canadian National Railway from C$180.00 to C$176.00 in a report on Wednesday, July 24th. ATB Capital decreased their price objective on shares of Canadian National Railway from C$180.00 to C$177.00 in a report on Wednesday, July 24th. Sanford C. Bernstein cut shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$195.00 to C$179.00 in a report on Monday, July 8th. Wells Fargo & Company upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 24th. Finally, Scotiabank decreased their price objective on shares of Canadian National Railway from C$188.00 to C$187.00 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’s stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and an average price target of C$179.29.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$159.77 on Monday. The firm’s 50 day moving average is C$159.22 and its two-hundred day moving average is C$168.28. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The firm has a market capitalization of C$100.58 billion, a P/E ratio of 18.98, a PEG ratio of 2.06 and a beta of 0.65. 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) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing the consensus estimate of C$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 firm had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion.

Canadian National Railway Dividend Announcement

The company also recently disclosed 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. This represents a $3.38 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s dividend payout ratio is 40.14%.

Insider Buying and Selling

In other news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of C$115.29 per share, with a total value of C$300,906.90. In other news, Director Shauneen Elizabeth Bruder acquired 544 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average price of C$160.21 per share, with a total value of C$87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of C$115.29 per share, with a total value of C$300,906.90. Company insiders own 1.68% of the company’s stock.

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.