Scotiabank Has Negative Estimate for AltaGas FY2026 Earnings

AltaGas Ltd. (TSE:ALA) – Research analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for AltaGas in a report issued on Thursday, October 1st. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $2.48 per share for the year, down from their prior estimate of $2.49. Scotiabank has a “Sector Outperform” rating and a $62.00 price objective 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.

AltaGas (TSE:ALA) last issued its quarterly earnings data 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 business had revenue of C$3.80 billion for the quarter.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada lifted their price objective on shares of AltaGas from C$55.00 to C$59.00 and gave the company an “outperform” rating in a report on Friday, July 31st. BMO Capital Markets raised their target price on AltaGas from C$54.00 to C$59.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, ATB Cormark Capital Markets lifted their price target on AltaGas from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AltaGas presently has a consensus rating of “Buy” and an average target price of C$56.56.

AltaGas Stock Performance

Shares of TSE ALA opened at C$53.63 on Monday. The company’s fifty day moving average price is C$53.32 and its 200 day moving average price is C$52.57. AltaGas has a 1 year low of C$39.45 and a 1 year high of C$57.52. The company has a market capitalization of C$16.73 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of -4.97 and a beta of 0.28. The company has a debt-to-equity ratio of 112.99, a quick ratio of 0.43 and a current ratio of 0.86.

AltaGas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.3340 per share. This represents a $1.34 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 16th. AltaGas’s payout ratio is 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.