Tue Sep 17 05:43:43 UTC 2024: ## Canadian National Railway Earnings Estimates Lowered by Atb Cap Markets

**Toronto, Canada -** Atb Cap Markets has revised its earnings estimates for Canadian National Railway (NYSE: CNI), lowering its Q4 2024 forecast to $1.64 per share from a previous estimate of $1.68 per share. This adjustment comes after the company’s recent earnings report, where it missed analysts’ expectations for Q2 2024.

Analysts at Atb Cap Markets also issued an earnings estimate for Q1 2025 at $1.38 EPS. The consensus estimate for Canadian National Railway’s current full-year earnings remains at $5.58 per share.

Despite the lowered estimates, Canadian National Railway continues to see strong institutional investor interest. Norges Bank acquired a new stake worth $769.55 million in the 4th quarter, while several other funds, including Capital International Investors, Canada Pension Plan Investment Board, Wellington Management Group LLP, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, increased their holdings in the company.

The transportation company recently declared a quarterly dividend of $0.614 per share, representing a $2.46 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, September 6th.

Canadian National Railway remains a key player in the rail, intermodal, trucking, and marine transportation and logistics sectors. The company offers a wide range of services including equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services.

Read More