Scotiabank Has Optimistic Outlook of TSE:CU FY2026 Earnings

Canadian Utilities Limited (TSE:CU) – Stock analysts at Scotiabank increased their FY2026 earnings per share estimates for Canadian Utilities in a research note issued to investors on Thursday, July 23rd. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $2.49 for the year, up from their previous forecast of $2.47. Scotiabank currently has a “Sector Perform” rating and a $53.00 target price on the stock. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share. Scotiabank also issued estimates for Canadian Utilities’ FY2027 earnings at $2.57 EPS.

Canadian Utilities (TSE:CU) last released its earnings results on Wednesday, May 6th. The company reported C$0.89 EPS for the quarter. Canadian Utilities had a return on equity of 1.59% and a net margin of 2.90%.The firm had revenue of C$1.08 billion during the quarter.

CU has been the topic of several other reports. National Bank Financial increased their price objective on shares of Canadian Utilities from C$46.00 to C$51.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian Utilities from C$47.00 to C$51.00 in a report on Monday, April 20th. TD upped their price target on shares of Canadian Utilities from C$47.00 to C$48.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada upped their price target on shares of Canadian Utilities from C$49.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Canadian Utilities has an average rating of “Hold” and a consensus price target of C$49.14.

Canadian Utilities Stock Up 0.1%

Shares of TSE:CU opened at C$55.85 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 186.03. The firm has a market cap of C$15.21 billion, a price-to-earnings ratio of 558.50, a PEG ratio of 2.38 and a beta of 0.53. The stock’s 50-day moving average price is C$51.89 and its two-hundred day moving average price is C$48.64. Canadian Utilities has a 12-month low of C$37.13 and a 12-month high of C$56.39.

Canadian Utilities Company Profile

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company’s main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.