Research Analysts Issue Forecasts for TSE:CU Q3 Earnings

Canadian Utilities Limited (TSE:CU - Free Report) - Stock analysts at National Bank Financial issued their Q3 2024 earnings estimates for shares of Canadian Utilities in a report issued on Wednesday, October 23rd. National Bank Financial analyst P. Kenny anticipates that the company will post earnings of $0.35 per share for the quarter. The consensus estimate for Canadian Utilities' current full-year earnings is $2.41 per share.

CU has been the subject of a number of other research reports. Scotiabank boosted their price target on shares of Canadian Utilities from C$34.00 to C$36.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. National Bankshares boosted their price target on shares of Canadian Utilities from C$34.00 to C$37.00 in a research note on Friday, August 23rd. BMO Capital Markets boosted their price target on shares of Canadian Utilities from C$35.50 to C$37.00 in a research note on Thursday, September 5th. CIBC upped their target price on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada upped their target price on shares of Canadian Utilities from C$36.00 to C$38.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Canadian Utilities currently has a consensus rating of "Hold" and a consensus target price of C$36.50.

Canadian Utilities Stock Down 0.5 %

CU stock traded down C$0.17 during midday trading on Friday, reaching C$35.96. 314,075 shares of the company's stock traded hands, compared to its average volume of 500,140. The company has a market cap of C$7.37 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 2.38 and a beta of 0.66. The firm's fifty day moving average price is C$34.88 and its 200-day moving average price is C$32.27. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 149.94. Canadian Utilities has a 52 week low of C$28.60 and a 52 week high of C$37.10.

Canadian Utilities (TSE:CU - Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The company reported C$0.43 EPS for the quarter, beating analysts' consensus estimates of C$0.42 by C$0.01. The business had revenue of C$860.00 million during the quarter. Canadian Utilities had a net margin of 16.43% and a return on equity of 8.72%.

Canadian Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be paid a $0.453 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.81 annualized dividend and a dividend yield of 5.04%. 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.