Scotiabank Has Negative Outlook for AltaGas FY2025 Earnings

AltaGas Ltd. (TSE:ALA) – Investment analysts at Scotiabank dropped their FY2025 earnings per share (EPS) estimates for shares of AltaGas in a research report issued to clients and investors on Friday, January 23rd. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $2.18 for the year, down from their previous estimate of $2.23. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. Scotiabank also issued estimates for AltaGas’ FY2027 earnings at $2.62 EPS.

ALA has been the subject of a number of other reports. ATB Capital upped their price objective on shares of AltaGas from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 23rd. Royal Bank Of Canada boosted their target price on shares of AltaGas from C$44.00 to C$48.00 in a research note on Friday, October 31st. CIBC increased their price target on AltaGas from C$47.00 to C$50.00 in a research note on Wednesday, December 17th. Jefferies Financial Group raised their price objective on AltaGas from C$47.00 to C$48.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price objective on AltaGas from C$45.00 to C$47.00 in a research report on Wednesday, December 3rd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$48.11.

AltaGas Stock Up 0.3%

ALA stock opened at C$40.89 on Monday. The firm has a 50-day moving average price of C$41.88 and a 200-day moving average price of C$41.72. AltaGas has a 12 month low of C$32.14 and a 12 month high of C$44.37. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 135.26. The stock has a market capitalization of C$12.72 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of -4.97 and a beta of 0.43.

AltaGas (TSE:ALA) last released its quarterly earnings data on Thursday, October 30th. The company reported C($0.08) earnings per share for the quarter. AltaGas had a net margin of 4.04% and a return on equity of 6.36%. The business had revenue of C$2.60 billion during the quarter.

AltaGas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.315 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.26 annualized dividend and a dividend yield of 3.1%. AltaGas’s payout ratio is currently 49.90%.

AltaGas Company Profile

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users.