Canadian Utilities (CU) Scheduled to Post Earnings on Thursday

Canadian Utilities (TSE:CU) is scheduled to release its earnings data before the market opens on Thursday, May 2nd.

Canadian Utilities (TSE:CU) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$0.71 EPS for the quarter, topping analysts’ consensus estimates of C$0.69 by C$0.02. Canadian Utilities had a return on equity of 10.08% and a net margin of 18.63%. The business had revenue of C$974.00 million for the quarter.

Canadian Utilities Stock Performance

TSE:CU opened at C$30.44 on Thursday. The company has a debt-to-equity ratio of 147.99, a current ratio of 1.01 and a quick ratio of 1.30. The business has a fifty day simple moving average of C$30.53 and a two-hundred day simple moving average of C$30.74. Canadian Utilities has a 1 year low of C$28.13 and a 1 year high of C$39.87. The company has a market capitalization of C$6.22 billion, a P/E ratio of 13.06, a P/E/G ratio of 2.38 and a beta of 0.60.

Canadian Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Thursday, May 2nd will be given a $0.453 dividend. This represents a $1.81 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date is Wednesday, May 1st. Canadian Utilities’s dividend payout ratio is currently 77.68%.

Insider Buying and Selling

In related news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$30.77, for a total transaction of C$1,544,530.92. 38.21% of the stock is owned by company insiders.

Analyst Ratings Changes

CU has been the subject of several recent research reports. CIBC reduced their price target on Canadian Utilities from C$35.00 to C$34.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Scotiabank reduced their price target on Canadian Utilities from C$35.00 to C$33.00 and set a “sector perform” rating for the company in a research report on Monday. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$35.29.

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.