National Bank Financial Comments on TSE:CU FY2024 Earnings

Canadian Utilities Limited (TSE:CU) – Equities research analysts at National Bank Financial upped their FY2024 EPS estimates for shares of Canadian Utilities in a research report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $2.40 per share for the year, up from their prior estimate 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 boosted their target price on Canadian Utilities from C$38.00 to C$39.00 in a research report on Friday, November 15th.

Canadian Utilities Stock Down 0.7 %

CU opened at C$34.28 on Wednesday. The company has a market capitalization 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. The firm has a 50-day simple moving average of C$35.22 and a two-hundred day simple moving average of C$33.93. 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$29.15 and a 52 week 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.