Canadian Utilities (CU) Scheduled to Post Earnings on Thursday

Canadian Utilities (TSE:CU) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd.

Canadian Utilities (TSE:CU) last issued its earnings results on Thursday, February 29th. The company reported C$0.71 EPS 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 during the quarter.

Canadian Utilities Stock Performance

Canadian Utilities stock opened at C$30.44 on Thursday. The company has a debt-to-equity ratio of 147.99, a current ratio of 1.01 and a quick ratio of 1.30. The stock has a fifty day moving average price of C$30.53 and a two-hundred day moving average price of C$30.74. Canadian Utilities has a 52-week low of C$28.13 and a 52-week high of C$39.87. The firm has a market capitalization of C$6.22 billion, a P/E ratio of 13.06, a P/E/G ratio of 2.38 and a beta of 0.60.

Canadian Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.453 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.81 annualized dividend and a yield of 5.95%. Canadian Utilities’s dividend payout ratio is currently 77.68%.

Insider Transactions at Canadian Utilities

In other news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$30.77, for a total transaction of C$1,544,530.92. 38.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. CIBC decreased their target price on Canadian Utilities from C$35.00 to C$34.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Scotiabank decreased their target price on Canadian Utilities from C$35.00 to C$33.00 and set a “sector perform” rating on the stock in a report on Monday. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$35.29.

About Canadian Utilities

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.