Atb Cap Markets Comments on TransAlta Co.’s Q1 2024 Earnings (TSE:TA)

TransAlta Co. (TSE:TA) (NYSE:TAC) – Equities research analysts at Atb Cap Markets upped their Q1 2024 earnings per share estimates for TransAlta in a report released on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.19 per share for the quarter, up from their prior estimate of $0.14. The consensus estimate for TransAlta’s current full-year earnings is $0.47 per share. Atb Cap Markets also issued estimates for TransAlta’s FY2024 earnings at $0.75 EPS.

A number of other equities analysts have also recently issued reports on TA. BMO Capital Markets lowered their target price on TransAlta from C$17.00 to C$16.00 and set an “outperform” rating for the company in a report on Monday, February 26th. TD Securities reduced their price target on TransAlta from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Monday, February 26th. CIBC cut their price objective on shares of TransAlta from C$18.50 to C$16.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Royal Bank of Canada lowered their price objective on shares of TransAlta from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Finally, National Bankshares decreased their target price on shares of TransAlta from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$15.55.

TransAlta Stock Performance

TA stock opened at C$9.32 on Thursday. The company has a market cap of C$2.87 billion, a P/E ratio of 4.00, a price-to-earnings-growth ratio of -0.07 and a beta of 0.89. TransAlta has a twelve month low of C$8.22 and a twelve month high of C$13.97. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 253.18. The business’s fifty day moving average is C$8.92 and its 200-day moving average is C$10.04.

TransAlta (TSE:TA) (NYSE:TAC) last announced its quarterly earnings data on Friday, February 23rd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.45). The firm had revenue of C$624.00 million during the quarter. TransAlta had a net margin of 20.71% and a return on equity of 43.58%.

TransAlta Company Profile

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 holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.