What is Scotiabank’s Estimate for AltaGas FY2027 Earnings?

AltaGas Ltd. (TSE:ALA) – Scotiabank increased their FY2027 EPS estimates for shares of AltaGas in a report issued on Tuesday, August 4th. Scotiabank analyst R. Hope now anticipates that the company will earn $2.65 per share for the year, up from their previous forecast of $2.62. 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 released its quarterly earnings data on Thursday, July 30th. The company reported C$0.31 earnings per share for the quarter. The business had revenue of C$3.80 billion during the quarter. AltaGas had a return on equity of 7.00% and a net margin of 4.59%.

A number of other brokerages also recently issued reports on ALA. ATB Cormark Capital Markets raised their price target 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. BMO Capital Markets lifted their price target on AltaGas from C$54.00 to C$59.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. increased their target price on AltaGas from C$49.00 to C$52.00 in a report on Tuesday, April 14th. National Bank Financial lifted their price target on AltaGas from C$52.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Finally, Royal Bank Of Canada raised their target price on shares of AltaGas from C$55.00 to C$59.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$56.56.

AltaGas Trading Down 4.7%

ALA stock opened at C$52.97 on Thursday. The stock has a market cap of C$16.53 billion, a price-to-earnings ratio of 26.75, a PEG ratio of -4.97 and a beta of 0.33. The company has a current ratio of 0.86, a quick ratio of 0.43 and a debt-to-equity ratio of 112.99. AltaGas has a 12-month low of C$39.45 and a 12-month high of C$57.52. The business’s 50-day moving average is C$54.54 and its 200 day moving average is C$49.94.

AltaGas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.334 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.34 annualized dividend and a dividend yield of 2.5%. AltaGas’s dividend payout ratio (DPR) is presently 65.56%.

About AltaGas

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users.