Q4 Earnings Forecast for TransAlta Issued By Atb Cap Markets

TransAlta Co. (TSE:TA) (NYSE:TAC) – Investment analysts at Atb Cap Markets lifted their Q4 2024 earnings per share (EPS) estimates for shares of TransAlta in a report released on Tuesday, November 5th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.15 for the quarter, up from their previous estimate of $0.02. Atb Cap Markets also issued estimates for TransAlta’s Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.08 EPS and FY2025 earnings at $0.62 EPS.

A number of other brokerages have also issued reports on TA. Desjardins lowered TransAlta from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. TD Securities increased their price objective on shares of TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday. National Bankshares boosted their target price on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. CIBC reduced their price target on shares of TransAlta from C$16.50 to C$15.50 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Finally, Royal Bank of Canada lifted their price objective on TransAlta from C$14.00 to C$16.00 in a report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, TransAlta currently has an average rating of “Moderate Buy” and an average price target of C$16.17.

TransAlta Trading Down 1.8 %

Shares of TransAlta stock opened at C$14.35 on Friday. The firm has a 50-day simple moving average of C$13.55 and a two-hundred day simple moving average of C$11.23. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. TransAlta has a fifty-two week low of C$8.22 and a fifty-two week high of C$15.37. The company has a market cap of C$4.28 billion, a P/E ratio of 7.55, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93.

Insider Activity at TransAlta

In other news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$11.45, for a total value of C$114,500.00. In the last ninety days, insiders have sold 30,006 shares of company stock worth $392,973. Company insiders own 0.21% of the company’s stock.

TransAlta Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 1st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s payout ratio is 12.63%.

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.