In its upcoming report, Canadian National (CNI) is predicted by Wall Street analysts to post quarterly earnings of $1.28 per share, reflecting an increase of 1.6% compared to the same period last year. Revenues are forecasted to be $3.07 billion, representing a year-over-year increase of 3.4%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . As reported by The Wall Street Journal on October 10, Social Security is giving retirees an increase of just 2.5%, which is the smallest adjustment in four years. Analyst's Disclosure: I/we have a beneficial long position in the shares of UNP either through stock ownership, opt ...

Canadian National Railway Company(CNI) is scheduled to report third-quarter 2024 results on Oct. 22, after market close. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. CNI has a disappointing earnings surprise history, having lagged the Zacks Consensus Estimate in two of the preceding four quarters (surpassed the mark in the remaining two quarters), the average miss being 1.11%. Let's see how things have shaped up for Canadian National this earnings season. CNI's Q3 Expectations T ...

Canadian National Railway's (CNI) tech-savvy initiatives are boosting the company's operational efficiency. Efforts to expand its fleet are also encouraging. However, the economic downturn does not bode well for CNI. Factors Favoring CNI CNI's proactive initiatives toward technology advancement demonstrate a strong commitment to improving operational efficiency and safety. This year, the company is deploying its fourth-generation Autonomous Track Inspection Program, which uses ground-penetrating radar to pr ...

Group 1 - Cascade Investment, L.L.C. has disposed of 5,994,691 common shares of Canadian National Railway Company, reducing its ownership to 3,539,451 shares, approximately 0.56% of the total shares outstanding [1] - Prior to the transaction, Cascade owned 9,534,142 common shares, representing about 1.51% of the total shares outstanding [1] - William H. Gates III, as the sole member of Cascade, beneficially owns the shares held by Cascade [1] Group 2 - Mr. Gates is deemed to share beneficial ownership of 54,826,786 common shares owned by the Bill & Melinda Gates Foundation Trust, which represents approximately 8.71% of the total shares outstanding [2] - Mr. Gates has no economic interest in the shares owned by the Trust [2] Group 3 - The aggregate beneficial ownership of Mr. Gates, through Cascade and the Trust, is 58,366,237 common shares, approximately 9.27% of the total shares outstanding, down from 64,360,928 shares, or 10.22% [3] - As Mr. Gates now owns less than 10% of the total shares, he is no longer subject to early warning or insider reporting requirements [3] Group 4 - Both Cascade and the Trust acquired their common shares for investment purposes and may adjust their ownership based on future market conditions [4]

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . Learning from the best in the business is the best way to success. This applies to many areas. Analyst's Disclosure: I/we have a beneficial long position in the shares of GE, DHR, UNP either through stock ownership, options, or other derivatives. I wrote this article myself, an ...

MONTREAL, Sept. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) has launched its annual See Tracks? Think Train® Week campaign to raise awareness about the vital importance of rail safety. The Company joins communities across North America to raise awareness of the danger of dangerous behaviors around railway tracks and property. From September 23-29, CN Police Services, along with many other CN employees, will actively share important rail safety messages in communities across CN's network to help p ...

Canadian National Railway Company (CNI) adjusted the outlook for the current year following labor disruptions that threatened to cripple the economy of Canada. The railroad operator has, however, resumed normal operations following the crisis. All essential parameters, including car velocity, train speed and dwell, have recovered following the labor stoppage. Apart from labor woes, Alberta wildfires and weaker-thanexpected demand for forest products and metals compelled CNI's management to adjust its 2024 o ...

MONTREAL, Sept. 10, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its operations have recovered following several months of labor uncertainty as well as a complete shutdown of its Canadian network, and that it is adjusting its 2024 guidance and long-term financial outlook. CN remains focused on the disciplined execution of its scheduled operating plan, growing volumes more than the economy as its company specific growth opportunities come online, pricing above rail inflation, and i ...

Industry Overview - The rail industry is facing challenges such as inflation-induced elevated interest rates, supply-chain disruptions, and economic growth slowdown, leading most players to focus on cost reduction to drive profitability [1][3] - Despite these challenges, the industry has gained 13.8% over the past year, but this is lower than the S&P 500 Index's 19.9% appreciation [3] Company Performance - Union Pacific Corporation (UNP), Canadian National Railway Company (CNI), and Norfolk Southern Corporation (NSC) have consistently paid dividends, demonstrating a pro-shareholder stance [4] - UNP has a market capitalization of $152.07 billion and has paid dividends for 125 consecutive years, with a recent 3% dividend hike to $1.34 per share [7][8] - CNI has a market capitalization of $72.65 billion and pays a quarterly dividend of $1.23 per share, with a payout ratio of 46% [10][11] - NSC has a market capitalization of $56.53 billion and pays a quarterly dividend of $1.35 per share, with a payout ratio of 49% [13][14] Dividend and Share Repurchase Activities - In 2022, UNP paid $3.16 billion in dividends and repurchased shares worth $6.28 billion, while in 2023, it returned $3.9 billion to shareholders [9] - CNI paid dividends of C$2 billion and repurchased shares worth C$4.71 billion in 2022, with similar activities in 2023 and the first half of 2024 [12] - NSC paid dividends worth $1.23 billion in 2023 and repurchased shares worth $622 million, indicating a commitment to shareholder value [15][16]