Canadian National Railway (NYSE:CNI) Posts Earnings Results

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

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

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be given a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Canadian National Railway’s payout ratio is currently 48.55%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CNI. Weiss Ratings downgraded Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Canadian Imperial Bank of Commerce increased their price target on Canadian National Railway from C$182.00 to C$185.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Barclays lifted their price target on shares of Canadian National Railway from $99.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Susquehanna restated a “neutral” rating and issued a $140.00 price objective (up from $138.00) on shares of Canadian National Railway in a research note on Tuesday, July 14th. Finally, National Bank Financial set a $124.00 target price on shares of Canadian National Railway in a research note on Thursday, June 25th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.12.

Hedge Funds Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNI. AQR Capital Management LLC acquired a new position in Canadian National Railway in the 1st quarter valued at approximately $311,000. Focus Partners Wealth increased its position in shares of Canadian National Railway by 11.1% during the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after purchasing an additional 1,146 shares during the period. Schnieders Capital Management LLC. bought a new stake in shares of Canadian National Railway during the second quarter valued at approximately $202,000. EverSource Wealth Advisors LLC raised its stake in shares of Canadian National Railway by 52.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 383 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Canadian National Railway by 2.9% in the second quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after purchasing an additional 474 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway News Roundup

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

Canadian National Railway Company Profile

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.