What is Scotiabank's Forecast for AltaGas FY2026 Earnings?

Key Points

• Scotiabank lowered its FY2026 EPS forecast for AltaGas to C$2.48 from C$2.49, while maintaining a “Sector Outperform” rating and a C$62.00 price target. The bank forecasts FY2027 EPS of C$2.62, compared with the current FY2026 consensus estimate of C$2.30.
• AltaGas retains a favorable analyst outlook, with a consensus “Buy” rating and C$56.56 target price; RBC, ATB Capital Markets, and BMO Capital Markets recently raised their targets and rated the stock “Outperform.”
• AltaGas recently reported quarterly EPS of C$0.31 on C$3.80 billion in revenue and pays a quarterly dividend of C$0.334, equivalent to an annualized C$1.34 and a 2.5% yield.

AltaGas Ltd. (TSE:ALA - Free Report) - Scotiabank decreased their FY2026 earnings estimates for AltaGas in a report issued on Thursday, October 1st. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $2.48 for the year, down from their prior forecast of $2.49. Scotiabank currently 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. Scotiabank also issued estimates for AltaGas' FY2027 earnings at $2.62 EPS.

ALA has been the subject of several other reports. Royal Bank Of Canada upped their target price on AltaGas from C$55.00 to C$59.00 and gave the company an "outperform" rating in a report on Friday, July 31st. ATB Cormark Capital Markets lifted their price target on AltaGas from C$60.00 to C$63.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, BMO Capital Markets boosted their price objective on AltaGas from C$54.00 to C$59.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, AltaGas presently has a consensus rating of "Buy" and a consensus target price of C$56.56.

AltaGas Price Performance

AltaGas stock opened at C$53.31 on Monday. AltaGas has a 52 week low of C$39.45 and a 52 week high of C$57.52. The company's 50 day moving average price is C$53.37 and its two-hundred day moving average price is C$52.53. The company has a quick ratio of 0.43, a current ratio of 0.86 and a debt-to-equity ratio of 112.99. The stock has a market cap of C$16.63 billion, a P/E ratio of 26.92, a P/E/G ratio of -4.97 and a beta of 0.28.

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

AltaGas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were given a $0.3340 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.34 annualized dividend and a yield of 2.5%. 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.

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