Scotiabank Forecasts Weaker Earnings for Canadian Utilities

Canadian Utilities Limited (TSE:CU) – Scotiabank reduced their FY2025 EPS estimates for shares of Canadian Utilities in a note issued to investors on Friday, January 23rd. Scotiabank analyst R. Hope now expects that the company will earn $2.42 per share for the year, down from their prior estimate of $2.45. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share.

Canadian Utilities (TSE:CU) last posted its quarterly earnings results on Friday, November 7th. The company reported C$0.40 earnings per share for the quarter. The business had revenue of C$792.00 million for the quarter. Canadian Utilities had a return on equity of 7.21% and a net margin of 13.41%.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets upped their price target on shares of Canadian Utilities from C$42.00 to C$44.00 in a research note on Monday, November 10th. National Bankshares raised their target price on shares of Canadian Utilities from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. TD Securities lifted their price target on shares of Canadian Utilities from C$40.00 to C$41.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Finally, CIBC boosted their price target on Canadian Utilities from C$44.00 to C$45.00 in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$42.83.

Canadian Utilities Stock Up 0.2%

Canadian Utilities stock opened at C$43.86 on Monday. Canadian Utilities has a twelve month low of C$33.19 and a twelve month high of C$44.54. The stock has a market cap of C$11.93 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.38 and a beta of 0.55. The company’s 50-day moving average price is C$42.50 and its two-hundred day moving average price is C$40.19. The company has a quick ratio of 1.30, a current ratio of 1.63 and a debt-to-equity ratio of 158.34.

About Canadian Utilities

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company’s main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.