What is Scotiabank’s Forecast for TSE:CU FY2024 Earnings?

Canadian Utilities Limited (TSE:CU) – Scotiabank increased their FY2024 EPS estimates for shares of Canadian Utilities in a note issued to investors on Wednesday, January 8th. Scotiabank analyst R. Hope now expects that the company will earn $2.39 per share for the year, up from their prior estimate of $2.38. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share. Scotiabank also issued estimates for Canadian Utilities’ FY2026 earnings at $2.54 EPS.

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

Canadian Utilities Price Performance

Shares of TSE CU opened at C$34.28 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 149.94. The business’s 50 day moving average price is C$35.22 and its two-hundred day moving average price is C$33.93. The company has a market cap of C$7.03 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. Canadian Utilities has a twelve month low of C$29.15 and a twelve month high of C$37.10.

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.