Scotiabank Has Bullish Forecast for TSE:CU FY2025 Earnings

Canadian Utilities Limited (TSE:CU) – Investment analysts at Scotiabank raised their FY2025 earnings per share (EPS) estimates for shares of Canadian Utilities in a report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now expects that the company will post earnings of $2.43 per share for the year, up from their prior forecast of $2.41. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share.

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

Canadian Utilities Price Performance

Shares of CU opened at C$33.64 on Monday. The business’s 50 day moving average price is C$35.12 and its two-hundred day moving average price is C$34.02. The firm has a market cap of C$6.89 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. The company has a debt-to-equity ratio of 149.94, a quick ratio of 1.30 and a current ratio of 1.29. 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.