FY2024 EPS Estimates for TC Energy Boosted by Zacks Research

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at Zacks Research increased their FY2024 earnings estimates for TC Energy in a research report issued to clients and investors on Wednesday, February 5th. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $4.09 per share for the year, up from their prior forecast of $4.06. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. Zacks Research also issued estimates for TC Energy’s Q4 2024 earnings at $0.88 EPS, Q4 2025 earnings at $1.01 EPS and Q4 2026 earnings at $1.05 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The company had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion.

A number of other equities analysts have also recently commented on TRP. National Bankshares raised their target price on TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. Royal Bank of Canada raised their price objective on TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. ATB Capital boosted their price objective on TC Energy from C$64.00 to C$65.00 in a research note on Friday, November 8th. Wells Fargo & Company raised their target price on shares of TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Finally, BMO Capital Markets lifted their price target on shares of TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$73.00.

TC Energy Stock Down 0.2 %

TRP opened at C$67.28 on Friday. The firm’s 50 day simple moving average is C$67.10 and its two-hundred day simple moving average is C$64.21. The company has a market capitalization of C$69.97 billion, a PE ratio of 20.33, a PEG ratio of 1.69 and a beta of 0.82. TC Energy has a 1-year low of C$43.83 and a 1-year high of C$70.32. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84.

Insider Buying and Selling

In other TC Energy news, Director Jawad Masud sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$66.50, for a total transaction of C$332,500.00. Also, Director Alexander (Alex) Oehler acquired 6,540 shares of the business’s stock in a transaction on Monday, December 30th. The stock was acquired at an average cost of C$66.05 per share, for a total transaction of C$431,947.64. Over the last quarter, insiders sold 408,029 shares of company stock worth $27,379,414. Corporate insiders own 0.03% of the company’s stock.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.