Canadian Utilities (CU) to Release Earnings on Thursday

Canadian Utilities (TSE:CU) is set to post its quarterly earnings results 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 released its quarterly earnings results on Thursday, February 29th. The company reported C$0.71 earnings per share for the quarter, beating 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 Trading Down 0.7 %

Shares of CU stock opened at C$30.78 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.01 and a debt-to-equity ratio of 147.99. The firm has a market cap of C$6.29 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The business has a 50-day moving average price of C$30.57 and a two-hundred day moving average price of C$30.78. Canadian Utilities has a 12-month low of C$28.13 and a 12-month high of C$39.60.

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 paid a $0.453 dividend. This represents a $1.81 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Wednesday, May 1st. Canadian Utilities’s dividend payout ratio is currently 77.68%.

Insider Buying and Selling

In other news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of Canadian Utilities stock in a transaction dated 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. 37.97% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. CIBC cut their price target on shares of 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 dropped their target price on Canadian Utilities from C$35.00 to C$33.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.