TSE:CU FY2024 EPS Forecast Raised by National Bank Financial

Canadian Utilities Limited (TSE:CU - Free Report) - National Bank Financial increased their FY2024 earnings per share (EPS) estimates for Canadian Utilities in a research report issued to clients and investors on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will earn $2.40 per share for the year, up from their previous forecast of $2.39. The consensus estimate for Canadian Utilities' current full-year earnings is $2.41 per share. National Bank Financial also issued estimates for Canadian Utilities' FY2028 earnings at $2.51 EPS.

Separately, Royal Bank of Canada lifted their price objective on Canadian Utilities from C$38.00 to C$39.00 in a report on Friday, November 15th.

Canadian Utilities Stock Performance

TSE CU traded down C$0.11 during trading hours on Wednesday, hitting C$34.52. The company's stock had a trading volume of 384,297 shares, compared to its average volume of 418,428. The company has a debt-to-equity ratio of 149.94, a current ratio of 1.29 and a quick ratio of 1.30. The company has a market cap of C$7.08 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. The company's 50 day simple moving average is C$35.27 and its two-hundred day simple moving average is C$33.87. Canadian Utilities has a 12 month low of C$29.15 and a 12 month high of C$37.10.

Canadian Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th were given a dividend of $0.453 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date was Thursday, November 7th. Canadian Utilities's payout ratio is 91.41%.

Canadian Utilities Company Profile

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.