Scotiabank Lifts Earnings Estimates for Canadian Utilities

Canadian Utilities Limited (TSE:CU) – Scotiabank raised their FY2024 earnings per share estimates for Canadian Utilities in a research note issued on Wednesday, January 8th. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $2.39 for the year, up from their prior estimate 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 lifted their price objective on shares of Canadian Utilities from C$38.00 to C$39.00 in a report on Friday, November 15th.

Canadian Utilities Price Performance

Shares of CU opened at C$34.09 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 149.94. The firm 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. Canadian Utilities has a 52 week low of C$29.15 and a 52 week high of C$37.10. The stock has a 50 day moving average of C$35.19 and a 200-day moving average of C$33.96.

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.