Q3 2024 Earnings Forecast for TransAlta Co. (TSE:TA) Issued By Atb Cap Markets

TransAlta Co. (TSE:TAFree Report) (NYSE:TAC) – Research analysts at Atb Cap Markets raised their Q3 2024 earnings estimates for TransAlta in a report released on Thursday, November 2nd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $0.35 per share for the quarter, up from their previous forecast of $0.32. The consensus estimate for TransAlta’s current full-year earnings is $0.51 per share. Atb Cap Markets also issued estimates for TransAlta’s Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $0.70 EPS and FY2025 earnings at $0.58 EPS.

Other equities analysts have also issued reports about the stock. Industrial Alliance Securities upped their price target on shares of TransAlta from C$17.00 to C$17.50 and gave the stock a “strong-buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets dropped their price objective on shares of TransAlta from C$20.00 to C$17.00 and set an “outperform” rating for the company in a research note on Friday, September 8th. Bank of America lifted their price objective on shares of TransAlta from C$13.00 to C$14.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. TD Securities dropped their price objective on shares of TransAlta from C$16.50 to C$16.00 and set a “buy” rating for the company in a research note on Friday, October 6th. Finally, ATB Capital lowered their target price on shares of TransAlta from C$19.00 to C$17.00 in a report on Thursday, October 19th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$16.45.

Get Our Latest Stock Analysis on TransAlta

TransAlta Stock Up 0.5 %

Shares of TA stock opened at C$10.77 on Monday. TransAlta has a 12 month low of C$10.02 and a 12 month high of C$13.97. The stock has a market cap of C$3.34 billion, a P/E ratio of 11.22, a P/E/G ratio of -0.07 and a beta of 1.09. The company has a current ratio of 1.66, a quick ratio of 0.62 and a debt-to-equity ratio of 190.63. The company has a 50 day simple moving average of C$11.84 and a two-hundred day simple moving average of C$12.55.

TransAlta (TSE:TAGet Free Report) (NYSE:TAC) last released its quarterly earnings data on Friday, August 4th. The company reported C$0.23 earnings per share for the quarter, beating the consensus estimate of C$0.04 by C$0.19. TransAlta had a net margin of 8.64% and a return on equity of 18.75%. The firm had revenue of C$625.00 million during the quarter.

TransAlta Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, November 30th. TransAlta’s dividend payout ratio (DPR) is presently 22.92%.

About TransAlta

(Get Free Report)

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment has a net ownership interest of approximately 922 megawatts (MW) of owned hydro electrical-generating capacity located in Alberta, British Columbia, and Ontario.

Further Reading

Earnings History and Estimates for TransAlta (TSE:TA)

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