TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) is scheduled to be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect TransAlta to post earnings of $0.10 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) last posted its earnings results on Friday, February 23rd. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). TransAlta had a return on equity of 48.42% and a net margin of 20.05%. The firm had revenue of $624.00 million for the quarter, compared to the consensus estimate of $305.79 million. During the same period last year, the company posted ($0.45) EPS. The business’s revenue was down 26.9% on a year-over-year basis. On average, analysts expect TransAlta to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
TransAlta Stock Up 0.7 %
Shares of NYSE:TAC opened at $6.69 on Thursday. The firm has a fifty day moving average price of $6.55 and a two-hundred day moving average price of $7.34. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 3.65 and a beta of 0.83. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.91 and a quick ratio of 0.82. TransAlta has a one year low of $5.94 and a one year high of $10.40.
TransAlta Increases Dividend
Analysts Set New Price Targets
Separately, StockNews.com cut TransAlta from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th.
Check Out Our Latest Stock Report on TAC
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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