What is Atb Cap Markets’ Forecast for TransAlta Q3 Earnings?

TransAlta Co. (TSE:TA) (NYSE:TAC) – Stock analysts at Atb Cap Markets cut their Q3 2024 earnings estimates for TransAlta in a research note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $0.16 per share for the quarter, down from their prior estimate of $0.29. Atb Cap Markets also issued estimates for TransAlta’s FY2024 earnings at $1.06 EPS.

TransAlta (TSE:TA) (NYSE:TAC) last posted its earnings results on Thursday, August 1st. The company reported C$0.18 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.11. TransAlta had a return on equity of 32.01% and a net margin of 19.50%. The company had revenue of C$582.00 million for the quarter.

Several other analysts also recently issued reports on the stock. National Bankshares upped their price target on shares of TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. CIBC lowered their target price on TransAlta from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Finally, BMO Capital Markets boosted their price target on TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$15.10.

TransAlta Stock Performance

The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. The company has a 50 day simple moving average of C$12.98 and a 200-day simple moving average of C$10.84. TransAlta has a 12 month low of C$8.22 and a 12 month high of C$14.65. The firm has a market cap of C$4.21 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93.

TransAlta Announces Dividend

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

Insider Activity

In other news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$11.45, for a total transaction of C$114,500.00. In related news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$11.45, for a total value of C$114,500.00. Also, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$10.99, for a total value of C$536,674.67. Insiders sold a total of 120,217 shares of company stock valued at $1,397,220 over the last quarter. Company insiders own 0.21% of the company’s stock.

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.