Q3 2023 EPS Estimates for Canadian National Railway (TSE:CNR) Lowered by Analyst

Posted by Defense World Staff on Oct 7th, 2023

Canadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) – National Bank Financial cut their Q3 2023 earnings per share (EPS) estimates for Canadian National Railway in a research note issued to investors on Wednesday, October 4th. National Bank Financial analyst C. Doerksen now expects that the company will earn $1.74 per share for the quarter, down from their prior estimate of $1.78. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.43 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2023 earnings at $2.03 EPS, FY2023 earnings at $7.35 EPS, Q1 2024 earnings at $1.69 EPS, Q2 2024 earnings at $1.89 EPS, FY2024 earnings at $8.26 EPS and FY2025 earnings at $9.33 EPS.

Other equities research analysts have also issued reports about the company. National Bankshares reduced their price objective on Canadian National Railway from C$171.00 to C$168.00 and set a “sector perform” rating for the company in a research note on Thursday. BMO Capital Markets decreased their price objective on Canadian National Railway from C$177.00 to C$175.00 in a research note on Wednesday, July 26th. Raymond James upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 14th. CIBC decreased their target price on shares of Canadian National Railway from C$177.00 to C$175.00 in a research note on Wednesday, July 26th. Finally, ATB Capital dropped their price target on shares of Canadian National Railway from C$180.00 to C$175.00 in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and a consensus target price of C$169.33.

Read Our Latest Stock Analysis on Canadian National Railway

Canadian National Railway Stock Up 0.1 %

CNR opened at C$146.35 on Friday. The firm’s 50 day simple moving average is C$152.26 and its two-hundred day simple moving average is C$156.26. The company has a market capitalization of C$95.95 billion, a PE ratio of 18.76, a PEG ratio of 2.38 and a beta of 0.70. Canadian National Railway has a 1-year low of C$143.99 and a 1-year high of C$175.39. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 85.05.

Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, July 25th. The company reported C$1.76 earnings per share for the quarter, missing the consensus estimate of C$1.83 by C($0.07). The business had revenue of C$4.06 billion during the quarter, compared to the consensus estimate of C$4.18 billion. Canadian National Railway had a return on equity of 24.97% and a net margin of 30.20%. During the same quarter last year, the company earned $1.93 EPS.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 29th were given a dividend of $0.79 per share. The ex-dividend date was Thursday, September 7th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.16%. Canadian National Railway’s payout ratio is 40.51%.

About Canadian National Railway

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Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.