FY2028 Earnings Estimate for CNI Issued By Desjardins

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) – Desjardins issued their FY2028 earnings per share estimates for Canadian National Railway in a report released on Monday, October 6th. Desjardins analyst B. Poirier forecasts that the transportation company will post earnings of $7.26 per share for the year. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.52 per share.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 earnings per share.

A number of other brokerages have also commented on CNI. Raymond James Financial upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Royal Bank Of Canada cut their target price on Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. National Bank Financial lowered Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company cut their target price on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average target price of $114.30.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $95.49 on Wednesday. The business has a fifty day simple moving average of $94.51 and a 200 day simple moving average of $98.98. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $59.28 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.17 and a beta of 0.96. Canadian National Railway has a one year low of $91.07 and a one year high of $116.79.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 8th were issued a dividend of $0.6507 per share. The ex-dividend date was Monday, September 8th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a dividend yield of 2.7%. Canadian National Railway’s dividend payout ratio (DPR) is currently 50.19%.

Institutional Trading of Canadian National Railway

Several large investors have recently made changes to their positions in CNI. GAMMA Investing LLC grew its holdings in shares of Canadian National Railway by 12,692.7% during the first quarter. GAMMA Investing LLC now owns 69,976 shares of the transportation company’s stock worth $6,820,000 after purchasing an additional 69,429 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of Canadian National Railway by 71.0% during the first quarter. Gateway Investment Advisers LLC now owns 4,869 shares of the transportation company’s stock worth $475,000 after purchasing an additional 2,022 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Canadian National Railway by 312.8% during the first quarter. Farther Finance Advisors LLC now owns 5,441 shares of the transportation company’s stock worth $537,000 after purchasing an additional 4,123 shares during the last quarter. Bruce G. Allen Investments LLC grew its holdings in shares of Canadian National Railway by 44.2% during the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock worth $34,000 after purchasing an additional 106 shares during the last quarter. Finally, Cardinal Capital Management Inc. grew its holdings in shares of Canadian National Railway by 4.6% during the first quarter. Cardinal Capital Management Inc. now owns 709,315 shares of the transportation company’s stock worth $69,056,000 after purchasing an additional 31,104 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

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.