Scotiabank Has Positive Forecast for TSE:CU FY2024 Earnings

Canadian Utilities Limited (TSE:CU) – Analysts at Scotiabank lifted their FY2024 EPS estimates for Canadian Utilities in a research report issued 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 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 target on Canadian Utilities from C$38.00 to C$39.00 in a research note on Friday, November 15th.

Canadian Utilities Trading Down 0.7 %

Shares of TSE:CU opened at C$34.28 on Friday. The firm has a market cap of C$7.03 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 2.38 and a beta of 0.66. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 149.94. Canadian Utilities has a 12 month low of C$29.15 and a 12 month high of C$37.10. The company’s fifty day simple moving average is C$35.22 and its 200 day simple moving average is C$33.93.

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.