TransAlta (TAC) Set to Announce Quarterly Earnings on Friday

TransAlta (NYSE:TAC) (TSE:TA) is set to announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

TransAlta (NYSE:TAC) (TSE:TA) last announced its quarterly earnings data on Friday, February 23rd. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). The firm had revenue of $624.00 million during the quarter, compared to analysts’ expectations of $305.79 million. TransAlta had a return on equity of 48.42% and a net margin of 20.05%. The business’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same period last year, the company earned ($0.45) earnings per share. On average, analysts expect TransAlta to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TransAlta Stock Performance

Shares of NYSE TAC opened at $6.83 on Friday. The firm has a fifty day moving average price of $6.57 and a 200-day moving average price of $7.40. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.91 and a quick ratio of 0.82. The stock has a market cap of $2.10 billion, a PE ratio of 3.73 and a beta of 0.83. TransAlta has a 1 year low of $5.94 and a 1 year high of $10.40.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of TransAlta from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 12th.

About TransAlta

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.