Scotiabank Comments on TC Energy’s FY2027 Earnings (TSE:TRP)

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities research analysts at Scotiabank lowered their FY2027 earnings estimates for shares of TC Energy in a research report issued to clients and investors on Tuesday, July 7th. Scotiabank analyst R. Hope now forecasts that the company will earn $3.99 per share for the year, down from their previous forecast of $4.09. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Friday, May 1st. The company reported C$0.99 earnings per share (EPS) for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The company had revenue of C$3.86 billion for the quarter.

Several other equities analysts also recently weighed in on TRP. TD set a C$98.00 target price on TC Energy and gave the company a “hold” rating in a research report on Thursday, June 25th. The Goldman Sachs Group upgraded TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price target for the company in a research report on Sunday, April 19th. ATB Cormark Capital Markets increased their price objective on TC Energy from C$87.00 to C$92.00 and gave the company a “sector perform” rating in a research note on Wednesday. Morgan Stanley lowered TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective on the stock. in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada lifted their target price on shares of TC Energy from C$92.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$90.21.

TC Energy Price Performance

TSE:TRP opened at C$97.70 on Thursday. The stock has a 50 day moving average of C$94.52 and a two-hundred day moving average of C$86.75. TC Energy has a 12 month low of C$63.34 and a 12 month high of C$100.18. The firm has a market cap of C$101.78 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 224.52.

Insider Transactions at TC Energy

In other TC Energy news, Director Trevor Ebl sold 5,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$93.45, for a total value of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total transaction of C$147,585.00. 0.03% of the stock is currently owned by corporate insiders.

About TC Energy

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.