Canadian Utilities (CU) Set to Announce Earnings on Thursday

Canadian Utilities (TSE:CU) is scheduled to be releasing its earnings data before the market opens on Thursday, November 14th. Analysts expect Canadian Utilities to post earnings of C$0.35 per share for the quarter.

Canadian Utilities Stock Down 0.1 %

Shares of CU opened at C$34.62 on Tuesday. The firm has a market cap of C$7.10 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 2.38 and a beta of 0.66. The company has a fifty day moving average of C$35.37. 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 debt-to-equity ratio of 149.94, a quick ratio of 1.30 and a current ratio of 1.29.

Canadian Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be issued a dividend of $0.453 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.81 annualized dividend and a dividend yield of 5.23%. Canadian Utilities’s payout ratio is 91.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CU shares. Royal Bank of Canada boosted their price objective on shares of Canadian Utilities from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. National Bankshares boosted their price objective on shares of Canadian Utilities from C$34.00 to C$37.00 in a report on Friday, August 23rd. Scotiabank boosted their price objective on shares of Canadian Utilities from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets boosted their price objective on shares of Canadian Utilities from C$35.50 to C$37.00 in a report on Thursday, September 5th. Finally, CIBC boosted their target price on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th.

Canadian Utilities Company Profile

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.