Scotiabank Predicts Higher Earnings for Canadian Utilities

Canadian Utilities Limited (TSE:CU) – Equities research analysts at Scotiabank boosted their FY2024 earnings per share (EPS) estimates for shares of Canadian Utilities in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst R. Hope now anticipates that the company will post earnings of $2.39 per share for the year, up from their previous forecast of $2.38. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share. Scotiabank also issued estimates for Canadian Utilities’ FY2026 earnings at $2.54 EPS.

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

Canadian Utilities Trading Down 0.6 %

TSE:CU opened at C$34.09 on Friday. Canadian Utilities has a 1 year low of C$29.15 and a 1 year high of C$37.10. The business has a fifty day moving average of C$35.19 and a 200-day moving average of C$33.96. The company has a debt-to-equity ratio of 149.94, a quick ratio of 1.30 and a current ratio of 1.29. The stock has a market cap of C$6.99 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.38 and a beta of 0.66.

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.