What is Scotiabank’s Forecast for TSE:CU FY2026 Earnings?

Canadian Utilities Limited (TSE:CU) – Analysts at Scotiabank increased their FY2026 earnings estimates for Canadian Utilities in a research note issued on Tuesday, August 4th. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $2.56 for the year, up from their prior forecast of $2.49. Scotiabank has a “Sector Perform” rating and a $53.00 price objective on the stock. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share. Scotiabank also issued estimates for Canadian Utilities’ FY2027 earnings at $2.66 EPS.

CU has been the subject of several other reports. Canadian Imperial Bank of Commerce lifted their target price on Canadian Utilities from C$53.00 to C$55.00 in a research note on Thursday, July 30th. BMO Capital Markets raised their price target on Canadian Utilities from C$50.00 to C$55.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Royal Bank Of Canada lifted their price objective on shares of Canadian Utilities from C$50.00 to C$58.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. TD upped their price objective on shares of Canadian Utilities from C$48.00 to C$52.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Finally, National Bank Financial increased their price objective on shares of Canadian Utilities from C$51.00 to C$55.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Canadian Utilities has a consensus rating of “Hold” and a consensus target price of C$53.57.

Canadian Utilities Price Performance

Shares of TSE CU opened at C$53.93 on Thursday. The business’s 50 day moving average price is C$52.80 and its two-hundred day moving average price is C$49.37. The company has a market cap of C$14.69 billion, a PE ratio of 337.06, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The company has a quick ratio of 1.30, a current ratio of 1.80 and a debt-to-equity ratio of 184.88. Canadian Utilities has a twelve month low of C$37.13 and a twelve month high of C$56.90.

Canadian Utilities (TSE:CU) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.51 earnings per share for the quarter. Canadian Utilities had a net margin of 3.30% and a return on equity of 1.88%. The company had revenue of C$914.00 million for the quarter.

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.