What is Scotiabank's Estimate for AltaGas FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS estimate for AltaGas to C$2.53, up from C$2.48 and above the current consensus estimate of C$2.30. The bank maintained its “Sector Outperform” rating and C$62 price target.
• Analyst sentiment remains largely positive, with seven Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and average price target of C$57.44.
• AltaGas shares opened at C$55.34, near their 12-month high of C$57.52. The company also pays an annualized dividend of C$1.34 per share, yielding about 2.4%.

AltaGas Ltd. (TSE:ALA - Free Report) - Investment analysts at Scotiabank increased their FY2026 earnings per share (EPS) estimates for AltaGas in a research note issued on Thursday, October 22nd. Scotiabank analyst R. Hope now expects that the company will post earnings of $2.53 per share for the year, up from their previous forecast of $2.48. Scotiabank has a "Sector Outperform" rating and a $62.00 price target on the stock. The consensus estimate for AltaGas' current full-year earnings is $2.30 per share.

A number of other research analysts also recently commented on ALA. ATB Cormark Capital Markets increased their target price on shares of AltaGas from C$60.00 to C$63.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce cut shares of AltaGas from an "outperformer" rating to a "hold" rating and set a C$58.00 price target for the company. in a research report on Thursday. BMO Capital Markets upped their price objective on shares of AltaGas from C$54.00 to C$59.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada upped their price objective on shares of AltaGas from C$55.00 to C$59.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$57.44.

AltaGas Stock Up 0.2%

Shares of TSE:ALA opened at C$55.34 on Monday. The company has a market capitalization of C$17.27 billion, a PE ratio of 27.95, a P/E/G ratio of -4.97 and a beta of 0.32. The company has a current ratio of 0.86, a quick ratio of 0.43 and a debt-to-equity ratio of 112.99. AltaGas has a twelve month low of C$39.45 and a twelve month high of C$57.52. The firm has a 50 day simple moving average of C$53.67 and a 200-day simple moving average of C$53.29.

AltaGas (TSE:ALA - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.31 EPS for the quarter. AltaGas had a net margin of 4.59% and a return on equity of 7.00%. The company had revenue of C$3.80 billion for the quarter.

AltaGas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were paid a $0.3340 dividend. This represents a $1.34 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 16th. AltaGas's payout ratio is currently 65.56%.

AltaGas Company Profile

AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. The Company operates a diversified, lower-risk, high-growth Utilities and Midstream business that is focused on delivering resilient and durable value for its stakeholders.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.