Research Analysts Issue Forecasts for TSE:CU FY2025 Earnings

Canadian Utilities Limited (TSE:CU) – Investment analysts at Scotiabank cut their FY2025 earnings per share estimates for shares of Canadian Utilities in a report issued on Friday, January 23rd. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $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.

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

Canadian Utilities Trading Up 0.4%

Shares of CU stock opened at C$43.81 on Monday. The business’s fifty day moving average price is C$42.43 and its 200 day moving average price is C$40.11. Canadian Utilities has a 1-year low of C$33.19 and a 1-year high of C$44.54. The firm has a market capitalization of C$11.91 billion, a PE ratio of 22.35, a P/E/G ratio of 2.38 and a beta of 0.55. The company has a debt-to-equity ratio of 158.34, a current ratio of 1.63 and a quick ratio of 1.30.

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

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.