Scotiabank Has Positive Outlook for TSE:CU FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for Canadian Utilities to C$2.56 from C$2.49, above the C$2.41 consensus, and forecast FY2027 EPS of C$2.66.
• Scotiabank maintained a “Sector Perform” rating and a C$53.00 price target. The broader analyst consensus is “Hold,” with an average target of C$53.57.
• Canadian Utilities reported quarterly EPS of C$0.51 on revenue of C$914 million, while its shares recently traded at C$53.93, near the middle of their C$37.13–C$56.90 52-week range.

Canadian Utilities Limited (TSE:CU - Free Report) - Equities research analysts at Scotiabank lifted their FY2026 earnings per share estimates for shares of Canadian Utilities in a report issued on Tuesday, August 4th. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $2.56 per share for the year, up from their previous estimate of $2.49. Scotiabank currently has a "Sector Perform" rating and a $53.00 price target 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 $2.66 EPS.

Canadian Utilities (TSE:CU - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.51 earnings per share for the quarter. Canadian Utilities had a net margin of 3.30% and a return on equity of 1.88%. The company had revenue of C$914.00 million during the quarter.

Several other analysts also recently issued reports on the company. TD lifted their price target on Canadian Utilities from C$48.00 to C$52.00 and gave the company a "hold" rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce increased their price objective on Canadian Utilities from C$53.00 to C$55.00 in a report on Thursday, July 30th. BMO Capital Markets lifted their target price on Canadian Utilities from C$50.00 to C$55.00 and gave the company a "market perform" rating in a research report on Thursday, July 30th. Royal Bank Of Canada boosted their target price on Canadian Utilities from C$50.00 to C$58.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. Finally, National Bank Financial upped their price target on Canadian Utilities from C$51.00 to C$55.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of C$53.57.

Canadian Utilities Price Performance

Shares of TSE CU opened at C$53.93 on Thursday. The firm has a market cap of C$14.69 billion, a PE ratio of 337.06, a PEG ratio of 2.38 and a beta of 0.55. The company has a current ratio of 1.80, a quick ratio of 1.30 and a debt-to-equity ratio of 184.88. Canadian Utilities has a 1-year low of C$37.13 and a 1-year high of C$56.90. The company has a fifty day moving average price of C$52.80 and a 200 day moving average price of C$49.37.

About Canadian Utilities

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.

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