TransAlta Co. (TSE:TA – Free 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.
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:TA – Get 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%.
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.
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