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

Canadian National Railway (NYSE:CNI) (TSE:CNR) issued an update on its FY 2024 earnings guidance on Tuesday morning. 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.

Canadian National Railway Stock Performance

Shares of CNI stock traded up $0.07 during trading hours on Tuesday, reaching $129.39. 1,617,683 shares of the company traded hands, compared to its average volume of 1,001,146. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a market cap of $82.64 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.22 and a beta of 0.88. The firm has a 50-day moving average price of $129.72 and a 200 day moving average price of $122.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $3.28 billion during 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%. As a group, sell-side analysts predict that Canadian National Railway will post 5.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CNI shares. CIBC cut Canadian National Railway from a sector outperform rating to a neutral rating in a report on Wednesday, January 10th. TD Securities cut Canadian National Railway from a buy rating to a hold rating in a report on Monday, January 8th. Wells Fargo & Company upped their price target on Canadian National Railway from $110.00 to $125.00 and gave the stock an equal weight rating in a research note on Wednesday, January 24th. Susquehanna Bancshares lifted their price objective on shares of Canadian National Railway from $115.00 to $143.00 and gave the company a neutral rating in a research report on Monday, January 8th. Finally, Citigroup boosted their target price on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a neutral rating in a report on Wednesday, January 24th. Eighteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $147.52.

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.