What is Scotiabank’s Estimate for AltaGas FY2025 Earnings?

AltaGas Ltd. (TSE:ALA) – Stock analysts at Scotiabank dropped their FY2025 earnings estimates for shares of AltaGas in a research report issued on Friday, January 23rd. Scotiabank analyst R. Hope now anticipates that the company will earn $2.18 per share for the year, down from their previous forecast of $2.23. 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.

AltaGas (TSE:ALA) last posted its quarterly earnings data on Thursday, October 30th. The company reported C($0.08) earnings per share for the quarter. The company had revenue of C$2.60 billion for the quarter. AltaGas had a net margin of 4.04% and a return on equity of 6.36%.

A number of other research firms have also weighed in on ALA. ATB Capital increased their target price on AltaGas from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. CIBC increased their target price on shares of AltaGas from C$47.00 to C$50.00 in a research report on Wednesday, December 17th. National Bankshares increased their price target on AltaGas from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Royal Bank Of Canada lifted their target price on AltaGas from C$44.00 to C$48.00 in a report on Friday, October 31st. Finally, Jefferies Financial Group upped their price objective on shares of AltaGas from C$47.00 to C$48.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, AltaGas currently has a consensus rating of “Moderate Buy” and a consensus price target of C$48.11.

AltaGas Price Performance

TSE:ALA opened at C$41.86 on Monday. AltaGas has a 12 month low of C$32.14 and a 12 month high of C$44.37. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 135.26. The business’s 50-day moving average is C$41.80 and its 200 day moving average is C$41.76. The company has a market capitalization of C$13.02 billion, a P/E ratio of 16.81, a P/E/G ratio of -4.97 and a beta of 0.43.

AltaGas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.315 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.26 annualized dividend and a dividend yield of 3.0%. AltaGas’s dividend payout ratio (DPR) is 49.90%.

About AltaGas

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users.