Scotiabank Expects Increased Earnings for Canadian Utilities

Canadian Utilities Limited (TSE:CU) – Analysts at Scotiabank raised their FY2026 earnings estimates for shares of Canadian Utilities in a report issued on Thursday, July 23rd. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $2.49 for the year, up from their previous estimate of $2.47. Scotiabank currently has a “Sector Perform” rating and a $53.00 target price 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 $2.57 EPS.

A number of other equities analysts have also issued reports on the stock. TD upped their target price on shares of Canadian Utilities from C$47.00 to C$48.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Royal Bank Of Canada raised their price target on shares of Canadian Utilities from C$49.00 to C$50.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. National Bank Financial boosted their price objective on shares of Canadian Utilities from C$46.00 to C$51.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. Finally, Canadian Imperial Bank of Commerce upped their price objective on Canadian Utilities from C$47.00 to C$51.00 in a report on Monday, April 20th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$49.14.

Canadian Utilities Trading Up 0.1%

Canadian Utilities stock opened at C$55.85 on Friday. The company has a debt-to-equity ratio of 186.03, a quick ratio of 1.30 and a current ratio of 1.32. The firm has a market cap of C$15.21 billion, a price-to-earnings ratio of 558.50, a price-to-earnings-growth ratio of 2.38 and a beta of 0.53. Canadian Utilities has a 1 year low of C$37.13 and a 1 year high of C$56.39. The firm’s 50 day moving average price is C$51.89 and its two-hundred day moving average price is C$48.64.

Canadian Utilities (TSE:CU) last released its earnings results on Wednesday, May 6th. The company reported C$0.89 EPS for the quarter. Canadian Utilities had a net margin of 2.90% and a return on equity of 1.59%. The business had revenue of C$1.08 billion for the quarter.

Canadian Utilities Company Profile

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.