Canadian National Railway (NYSE:CNI) Releases Quarterly Earnings Results

Canadian National Railway (NYSE:CNI) (TSE:CNR) issued its quarterly earnings results on Friday. The transportation company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11, Zacks reports. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.26 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.87 earnings per share.

Here are the key takeaways from Canadian National Railway’s conference call:

• CN posted another strong quarter, with adjusted diluted EPS up 12% FX-adjusted on 5% volume growth, and raised full-year guidance to mid- to high-single-digit EPS growth on low-single-digit RTM growth.
• The railroad highlighted broad operational improvement, including record first-half fuel efficiency, better labor and locomotive productivity, and roughly CAD 100 million of realized Fast Track savings year to date.
• Commercial performance remained strong, with revenue up 11% and standout momentum in grain, potash, petroleum and chemicals, domestic intermodal, and energy-related traffic, helped by solid service and pricing discipline.
• CN announced strategic agreements with Union Pacific that expand its reach into Mexico and, if approved, Kansas City, which management said should create new growth opportunities and improve network density without opposing the merger.
• Management said wildfire impacts have been limited so far and that the main line in Northern Ontario remains open, while also noting fuel and FX remain key variables for the second half of the year.

Canadian National Railway Trading Down 0.8%

CNI stock traded down $1.05 during trading on Friday, reaching $129.53. 2,686,320 shares of the stock traded hands, compared to its average volume of 1,390,956. The business’s 50 day moving average price is $120.15 and its 200-day moving average price is $110.64. Canadian National Railway has a 52-week low of $90.74 and a 52-week high of $131.55. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market capitalization of $78.50 billion, a PE ratio of 23.55, a P/E/G ratio of 2.49 and a beta of 0.96.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th will be issued a $0.915 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a yield of 2.8%. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.55%.

Canadian National Railway News Summary

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: CNI posted second-quarter earnings of $2.08 per share, well above the $1.39 consensus estimate, while revenue rose 11.3% year over year, signaling stronger operational performance. Article Title
• Positive Sentiment: The company raised its 2026 guidance and increased its volume outlook, which suggests management expects demand trends and network utilization to remain supportive. Article Title
• Positive Sentiment: CN also announced a quarterly dividend of C$0.915 per share, reinforcing its capital-return profile for income-focused investors. Article Title
• Positive Sentiment: CN and Union Pacific announced an agreement to improve North American rail connectivity, which could create new cross-border service opportunities and expand customer access. Article Title

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CNI. Bank of America lifted their price objective on Canadian National Railway from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Barclays raised their price target on Canadian National Railway from $99.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Stephens upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Susquehanna reaffirmed a “neutral” rating and set a $140.00 price objective (up from $138.00) on shares of Canadian National Railway in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company increased their price objective on shares of Canadian National Railway from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.12.

Hedge Funds Weigh In On Canadian National Railway

A number of large investors have recently modified their holdings of CNI. Schnieders Capital Management LLC. acquired a new stake in Canadian National Railway during the 2nd quarter worth approximately $202,000. SkyView Investment Advisors LLC acquired a new position in Canadian National Railway during the second quarter valued at approximately $207,000. EP Wealth Advisors LLC purchased a new stake in Canadian National Railway during the fourth quarter worth approximately $205,000. Wealthspire Advisors LLC grew its stake in Canadian National Railway by 205.0% during the fourth quarter. Wealthspire Advisors LLC now owns 2,062 shares of the transportation company’s stock worth $204,000 after buying an additional 1,386 shares during the period. Finally, EFG International AG acquired a new stake in shares of Canadian National Railway in the fourth quarter worth $198,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.