Analysts Offer Predictions for TSE:CU Q3 Earnings

Canadian Utilities Limited (TSE:CU) – Stock analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Canadian Utilities in a research report issued to clients and investors on Wednesday, October 23rd. National Bank Financial analyst P. Kenny expects that the company will post earnings of $0.35 per share for the quarter. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share.

A number of other brokerages have also recently weighed in on CU. Royal Bank of Canada boosted their price target on Canadian Utilities from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. CIBC upped their price objective on Canadian Utilities from C$34.00 to C$35.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. National Bankshares increased their price target on Canadian Utilities from C$34.00 to C$37.00 in a research report on Friday, August 23rd. BMO Capital Markets increased their price target on Canadian Utilities from C$35.50 to C$37.00 in a research report on Thursday, September 5th. Finally, Scotiabank upped their price objective on 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$36.50.

Canadian Utilities Stock Down 0.5 %

CU opened at C$36.13 on Friday. 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 company has a market capitalization of C$7.41 billion, a PE ratio of 18.25, a P/E/G ratio of 2.38 and a beta of 0.66. The stock’s fifty day moving average is C$34.73 and its 200-day moving average is C$32.18. Canadian Utilities has a one year low of C$28.60 and a one year high of C$37.10.

Canadian Utilities (TSE:CU) last issued its quarterly earnings data on Friday, August 2nd. The company reported C$0.43 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.01. The firm had revenue of C$860.00 million during the quarter. Canadian Utilities had a return on equity of 8.72% and a net margin of 16.43%.

Canadian Utilities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be paid a $0.453 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.81 dividend on an annualized basis and a yield of 5.02%. Canadian Utilities’s dividend payout ratio (DPR) is 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.