Canadian Utilities Limited (TSE:CU – Free Report) – Research analysts at National Bank Financial issued their Q3 2024 EPS estimates for shares of Canadian Utilities in a research note issued on Wednesday, October 23rd. National Bank Financial analyst P. Kenny expects that the company will post earnings per share of $0.35 for the quarter. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share.
Canadian Utilities (TSE:CU – Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The company reported C$0.43 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.01. Canadian Utilities had a return on equity of 8.72% and a net margin of 16.43%. The business had revenue of C$860.00 million for the quarter.
View Our Latest Analysis on CU
Canadian Utilities Price Performance
Shares of CU opened at C$35.96 on Friday. The business’s fifty day moving average is C$34.88 and its 200 day moving average is C$32.27. Canadian Utilities has a 12-month low of C$28.60 and a 12-month high of C$37.10. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 149.94. The stock has a market cap of C$7.37 billion, a P/E ratio of 18.16, a P/E/G ratio of 2.38 and a beta of 0.66.
Canadian Utilities Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be issued a $0.453 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Thursday, November 7th. Canadian Utilities’s dividend payout ratio (DPR) is currently 91.41%.
About Canadian Utilities
Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.
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