Equities Analysts Issue Forecasts for TSE:CU FY2024 Earnings

Canadian Utilities Limited (TSE:CU) – Research analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for shares of Canadian Utilities in a note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $2.40 per share for the year, up from their prior forecast 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 raised their price target on Canadian Utilities from C$38.00 to C$39.00 in a report on Friday, November 15th.

Canadian Utilities Stock Up 0.3 %

CU stock opened at C$34.63 on Wednesday. The business’s 50-day moving average price is C$35.27 and its 200-day moving average price is C$33.87. The stock has a market cap of C$7.10 billion, a P/E ratio of 17.49, a PEG ratio of 2.38 and a beta of 0.66. Canadian Utilities has a twelve month low of C$29.15 and a twelve month high of C$37.10. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Thursday, November 7th were given a $0.453 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.23%. Canadian Utilities’s dividend payout ratio is currently 91.41%.

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.