What is Scotiabank’s Forecast for AltaGas FY2026 Earnings?

AltaGas Ltd. (TSE:ALA) – Analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of AltaGas in a research report issued to clients and investors on Tuesday, August 4th. Scotiabank analyst R. Hope now anticipates that the company will post earnings of $2.49 per share for the year, up from their prior forecast of $2.45. Scotiabank currently has a “Sector Outperform” rating and a $62.00 target price on the stock. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.

Other equities analysts also recently issued reports about the company. BMO Capital Markets raised their price target on AltaGas from C$54.00 to C$59.00 and gave the company an “outperform” rating in a report on Friday, July 31st. National Bank Financial upped their price target on shares of AltaGas from C$52.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. ATB Cormark Capital Markets increased their price objective on shares of AltaGas from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of AltaGas from C$49.00 to C$52.00 in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada raised their price objective on shares of AltaGas from C$55.00 to C$59.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$56.56.

AltaGas Trading Up 1.7%

AltaGas stock opened at C$53.88 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.43 and a debt-to-equity ratio of 112.99. The business’s fifty day simple moving average is C$54.54 and its two-hundred day simple moving average is C$50.03. AltaGas has a 12 month low of C$39.45 and a 12 month high of C$57.52. The company has a market capitalization of C$16.81 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of -4.97 and a beta of 0.33.

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

AltaGas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.334 per share. This represents a $1.34 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, June 16th. AltaGas’s dividend payout ratio (DPR) is currently 65.56%.

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.