Q3 2022 EPS Estimates for Canadian National Railway Increased by Analyst (TSE:CNR)

Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) – Investment analysts at National Bank Financial lifted their Q3 2022 earnings estimates for shares of Canadian National Railway in a research report issued on Wednesday, September 21st. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $1.98 for the quarter, up from their previous forecast of $1.97. The consensus estimate for Canadian National Railway’s current full-year earnings is $7.87 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2022 earnings at $2.03 EPS, FY2022 earnings at $7.26 EPS, Q1 2023 earnings at $1.65 EPS, Q4 2023 earnings at $2.19 EPS, FY2023 earnings at $7.94 EPS and FY2024 earnings at $8.66 EPS.

Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) last announced its earnings results on Tuesday, July 26th. The company reported C$1.93 EPS for the quarter, topping the consensus estimate of C$1.77 by C$0.16. The firm had revenue of C$4.34 billion during the quarter, compared to the consensus estimate of C$4.12 billion.

Several other research analysts also recently issued reports on CNR. Evercore ISI downgraded shares of Canadian National Railway to a “hold” rating and set a C$129.00 price objective on the stock. in a report on Monday, August 22nd. CIBC upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and set a C$167.00 price objective on the stock in a report on Thursday, June 2nd. National Bankshares boosted their price objective on shares of Canadian National Railway from C$166.00 to C$173.00 in a report on Thursday. Royal Bank of Canada lifted their target price on shares of Canadian National Railway from C$160.00 to C$163.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 27th. Finally, Atlantic Securities reiterated a “hold” rating and set a C$169.00 target price (down from C$173.00) on shares of Canadian National Railway in a research report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$154.05.

Canadian National Railway Stock Performance

TSE:CNR opened at C$153.51 on Friday. The firm’s 50-day moving average is C$157.87 and its 200-day moving average is C$153.95. Canadian National Railway has a 52-week low of C$137.26 and a 52-week high of C$171.48. The company has a debt-to-equity ratio of 68.21, a quick ratio of 0.39 and a current ratio of 0.71. The company has a market cap of C$104.71 billion and a price-to-earnings ratio of 21.09.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 8th will be paid a dividend of $0.7325 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is 37.02%.

Insider Buying and Selling

In related news, Senior Officer Sean Finn sold 1,255 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of C$162.35, for a total transaction of C$203,749.25. Following the completion of the sale, the insider now directly owns 20,893 shares of the company’s stock, valued at C$3,391,978.55.

Canadian National Railway Company Profile

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Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company’s portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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Earnings History and Estimates for Canadian National Railway (TSE:CNR)

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