TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) is set to announce its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last released its earnings results on Friday, February 16th. The pipeline company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.20. TC Energy had a return on equity of 18.60% and a net margin of 18.25%. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.93 billion. On average, analysts expect TC Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
TC Energy Trading Down 0.3 %
Shares of TRP stock opened at $35.91 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 1.65. The firm has a market cap of $35.91 billion, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 3.02 and a beta of 0.75. The business has a 50-day moving average price of $38.95 and a two-hundred day moving average price of $38.04. TC Energy has a 12-month low of $32.51 and a 12-month high of $42.49.
TC Energy Increases Dividend
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on TRP shares. Barclays boosted their price objective on shares of TC Energy from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Jefferies Financial Group started coverage on shares of TC Energy in a research report on Tuesday, February 27th. They set a “hold” rating for the company. Stifel Nicolaus assumed coverage on TC Energy in a report on Thursday, January 18th. They issued a “buy” rating on the stock. TheStreet upgraded TC Energy from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. Finally, The Goldman Sachs Group raised their price target on TC Energy from $29.00 to $32.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.83.
Check Out Our Latest Research Report on TRP
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.
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