Canadian Utilities (CU) Set to Announce Quarterly Earnings on Thursday

Canadian Utilities (TSE:CU) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of C$0.80 per share for the quarter.

Canadian Utilities (TSE:CU) last announced its quarterly earnings data 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 firm had revenue of C$974.00 million for the quarter.

Canadian Utilities Stock Performance

Shares of Canadian Utilities stock opened at C$30.99 on Tuesday. Canadian Utilities has a one year low of C$28.13 and a one year high of C$39.79. The company has a market cap of C$6.33 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 2.38 and a beta of 0.60. The company has a debt-to-equity ratio of 147.99, a quick ratio of 1.30 and a current ratio of 1.01. The business’s 50 day moving average price is C$30.56 and its 200 day moving average price is C$30.77.

Canadian Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Thursday, May 2nd will be given a dividend of $0.453 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.81 dividend on an annualized basis and a yield of 5.85%. Canadian Utilities’s payout ratio is 77.68%.

Analysts Set New Price Targets

CU has been the topic of a number of analyst reports. Scotiabank reduced their price objective on Canadian Utilities from C$35.00 to C$33.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. CIBC cut their target price on Canadian Utilities from C$35.00 to C$34.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$35.29.

Insider Activity

In other news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of Canadian Utilities stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$30.77, for a total value of C$1,544,530.92. Insiders own 38.21% of the company’s stock.

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.