FY2025 Earnings Forecast for AltaGas Issued By Scotiabank

AltaGas Ltd. (TSE:ALA) – Equities researchers at Scotiabank cut their FY2025 earnings per share (EPS) estimates for AltaGas in a research note issued to investors on Friday, January 23rd. Scotiabank analyst R. Hope now forecasts that the company will earn $2.18 per share for the year, down from their previous forecast of $2.23. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. Scotiabank also issued estimates for AltaGas’ FY2027 earnings at $2.62 EPS.

AltaGas (TSE:ALA) last released its quarterly earnings results on Thursday, October 30th. The company reported C($0.08) earnings per share (EPS) for the quarter. AltaGas had a return on equity of 6.36% and a net margin of 4.04%.The firm had revenue of C$2.60 billion for the quarter.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price target on shares of AltaGas from C$45.00 to C$47.00 in a research report on Wednesday, December 3rd. ATB Capital upped their target price on AltaGas from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. National Bankshares raised their target price on AltaGas from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. CIBC lifted their target price on AltaGas from C$47.00 to C$50.00 in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada increased their price target on AltaGas from C$44.00 to C$48.00 in a report on Friday, October 31st. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$48.11.

AltaGas Price Performance

Shares of TSE ALA opened at C$40.89 on Monday. AltaGas has a twelve month low of C$32.14 and a twelve month high of C$44.37. The firm has a fifty day simple moving average of C$41.88 and a 200 day simple moving average of C$41.72. The company has a market capitalization of C$12.72 billion, a PE ratio of 16.42, a P/E/G ratio of -4.97 and a beta of 0.43. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 135.26.

AltaGas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, December 16th. AltaGas’s dividend payout ratio is 49.90%.

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.