Q4 Earnings Forecast for TC Energy Issued By Zacks Research

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Investment analysts at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for shares of TC Energy in a note issued to investors on Thursday, December 12th. Zacks Research analyst T. Saha now expects that the company will earn $0.85 per share for the quarter, down from their prior forecast of $0.87. 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 Q1 2025 earnings at $0.92 EPS, Q3 2025 earnings at $0.81 EPS and Q4 2025 earnings at $1.00 EPS.

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

TRP has been the subject of a number of other reports. Scotiabank upped their price target on shares of TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. Raymond James upgraded TC Energy to a “hold” rating in a research report on Thursday, November 21st. UBS Group raised TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. National Bankshares boosted their price objective on TC Energy from C$70.00 to C$71.00 in a research note on Wednesday, November 20th. Finally, Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and raised their target price for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$69.77.

TC Energy Stock Performance

TRP stock opened at C$65.90 on Monday. The company has a 50-day simple moving average of C$66.48 and a 200 day simple moving average of C$60.71. The company has a market capitalization of C$68.54 billion, a P/E ratio of 19.91, a PEG ratio of 1.69 and a beta of 0.82. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. TC Energy has a fifty-two week low of C$43.83 and a fifty-two week high of C$70.32.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $1.113 dividend. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.76%. TC Energy’s dividend payout ratio (DPR) is 116.01%.

Insider Buying and Selling

In other TC Energy news, Senior Officer Dawn Elizabeth De Lima bought 545 shares of TC Energy stock in a transaction dated Tuesday, September 24th. The stock was bought at an average price of C$63.06 per share, for a total transaction of C$34,367.70. Also, Director Mark Yeomans sold 6,764 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$62.39, for a total value of C$422,031.66. In the last quarter, insiders have sold 440,243 shares of company stock valued at $29,476,491. 0.03% of the stock is owned by corporate insiders.

About TC Energy

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.