TransAlta Co. (TSE:TA – Free Report) (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 – Get Free Report) (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.
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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.
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