FY2024 EPS Estimates for TSE:CU Increased by Analyst

Canadian Utilities Limited (TSE:CU) – Equities research analysts at National Bank Financial raised their FY2024 EPS estimates for shares of Canadian Utilities in a note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $2.40 per share for the year, up from their previous estimate of $2.39. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share. National Bank Financial also issued estimates for Canadian Utilities’ FY2028 earnings at $2.51 EPS.

Separately, Royal Bank of Canada lifted their target price on Canadian Utilities from C$38.00 to C$39.00 in a research report on Friday, November 15th.

Canadian Utilities Trading Down 0.3 %

Shares of CU stock opened at C$34.52 on Wednesday. The company has a debt-to-equity ratio of 149.94, a quick ratio of 1.30 and a current ratio of 1.29. Canadian Utilities has a fifty-two week low of C$29.15 and a fifty-two week high of C$37.10. The company has a market cap of C$7.08 billion, a PE ratio of 17.43, a P/E/G ratio of 2.38 and a beta of 0.66. The stock’s fifty day moving average price is C$35.24 and its two-hundred day moving average price is C$33.90.

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.