Q2 2024 Earnings Forecast for TransAlta Co. Issued By Atb Cap Markets (TSE:TA)

TransAlta Co. (TSE:TA) (NYSE:TAC) – Investment analysts at Atb Cap Markets cut their Q2 2024 EPS estimates for shares of TransAlta in a report issued on Sunday, May 5th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.06. The consensus estimate for TransAlta’s current full-year earnings is $0.47 per share. Atb Cap Markets also issued estimates for TransAlta’s Q4 2024 earnings at $0.11 EPS, Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.63 EPS.

Several other equities analysts have also recently weighed in on TA. Royal Bank of Canada decreased their price target on shares of TransAlta from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. BMO Capital Markets decreased their target price on shares of TransAlta from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. CIBC cut their price target on shares of TransAlta from C$18.50 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. National Bankshares reduced their price objective on shares of TransAlta from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Tuesday, January 30th. Finally, TD Securities lowered their target price on TransAlta from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. One 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 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 Down 1.0 %

Shares of TransAlta stock opened at C$9.74 on Tuesday. The firm has a market cap of C$3.00 billion, a PE ratio of 4.18, a P/E/G ratio of -0.07 and a beta of 0.89. The business’s 50 day simple moving average is C$8.90 and its 200 day simple moving average is C$9.92. The company has a debt-to-equity ratio of 253.18, a quick ratio of 0.62 and a current ratio of 0.91. TransAlta has a 52-week low of C$8.22 and a 52-week high of C$13.97.

TransAlta (TSE:TA) (NYSE:TAC) last issued its quarterly earnings results 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Saturday, June 1st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, May 31st. TransAlta’s dividend payout ratio (DPR) is presently 10.30%.

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.