Canadian Utilities Limited (TSE:CU – Free Report) – Stock analysts at National Bank Financial issued their Q2 2024 earnings per share (EPS) estimates for Canadian Utilities in a research note issued on Wednesday, July 24th. National Bank Financial analyst P. Kenny anticipates that the company will earn $0.42 per share for the quarter. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.35 per share.
Canadian Utilities (TSE:CU – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.80 by C$0.03. Canadian Utilities had a return on equity of 9.25% and a net margin of 17.49%. The company had revenue of C$1.09 billion for the quarter.
Several other research analysts have also recently issued reports on the company. CIBC dropped their price objective on Canadian Utilities from C$35.00 to C$34.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Scotiabank upped their target price on Canadian Utilities from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a report on Monday, May 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$34.67.
Check Out Our Latest Research Report on Canadian Utilities
Canadian Utilities Stock Up 1.1 %
Shares of TSE:CU opened at C$31.95 on Friday. Canadian Utilities has a 52-week low of C$28.13 and a 52-week high of C$34.42. The stock has a market cap of C$6.54 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The business’s 50 day moving average is C$30.58 and its 200 day moving average is C$30.73. The company has a quick ratio of 1.30, a current ratio of 1.03 and a debt-to-equity ratio of 145.09.
Canadian Utilities Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Thursday, August 8th will be paid a $0.453 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $1.81 dividend on an annualized basis and a yield of 5.67%. Canadian Utilities’s dividend payout ratio (DPR) is 84.58%.
About Canadian Utilities
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.
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