What is Scotiabank’s Forecast for AltaGas FY2026 Earnings?

AltaGas Ltd. (TSE:ALA) – Equities researchers at Scotiabank upped their FY2026 earnings per share estimates for shares of AltaGas in a research report issued on Monday, November 2nd. Scotiabank analyst R. Hope now forecasts that the company will earn $2.54 per share for the year, up from their prior estimate of $2.53. Scotiabank currently has a “Sector Outperform” rating and a $62.00 target price on the stock. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.

AltaGas (TSE:ALA) last issued its quarterly earnings data on Thursday, October 29th. The company reported C$0.29 earnings per share (EPS) for the quarter. The firm had revenue of C$3.43 billion during the quarter. AltaGas had a return on equity of 6.83% and a net margin of 4.33%.

ALA has been the subject of a number of other reports. Scotia lifted their price target on shares of AltaGas from C$61.00 to C$63.00 and gave the company a “sector outperform” rating in a research report on Friday, October 30th. ATB Cormark Capital Markets upped their price objective on shares of AltaGas from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Royal Bank Of Canada upped their price objective on shares of AltaGas from C$55.00 to C$59.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. BMO Capital Markets increased their price objective on shares of AltaGas from C$54.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, National Bank Financial lifted their target price on shares of AltaGas from C$60.00 to C$61.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$58.10.

AltaGas Trading Down 0.8%

TSE ALA opened at C$54.99 on Thursday. The firm’s 50-day moving average is C$54.10 and its two-hundred day moving average is C$51.23. AltaGas has a 12 month low of C$39.70 and a 12 month high of C$58.14. The company has a debt-to-equity ratio of 120.38, a current ratio of 0.85 and a quick ratio of 0.43. The stock has a market capitalization of C$17.16 billion, a P/E ratio of 27.50, a PEG ratio of -4.97 and a beta of 0.32.

AltaGas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a dividend of $0.3340 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.34 annualized dividend and a yield of 2.4%. AltaGas’s dividend payout ratio is presently 65.85%.

AltaGas Company Profile

AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. The Company operates a diversified, lower-risk, high-growth Utilities and Midstream business that is focused on delivering resilient and durable value for its stakeholders.