TransAlta Co. (TSE:TA – Free Report) (NYSE:TAC) – Research analysts at Atb Cap Markets lifted their Q1 2024 earnings per share estimates for TransAlta in a report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will earn $0.19 per share for the quarter, up from their prior forecast of $0.14. The consensus estimate for TransAlta’s current full-year earnings is $0.47 per share. Atb Cap Markets also issued estimates for TransAlta’s FY2024 earnings at $0.75 EPS.
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last announced its quarterly earnings results on Friday, February 23rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.45). The business had revenue of C$624.00 million during the quarter. TransAlta had a net margin of 20.71% and a return on equity of 43.58%.
View Our Latest Analysis on TA
TransAlta Stock Performance
Shares of TA opened at C$9.06 on Thursday. The stock has a 50 day moving average price of C$8.91 and a 200 day moving average price of C$10.02. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 253.18. The company has a market capitalization of C$2.79 billion, a price-to-earnings ratio of 3.89, a price-to-earnings-growth ratio of -0.07 and a beta of 0.89. TransAlta has a 52-week low of C$8.22 and a 52-week high of C$13.97.
TransAlta Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 1st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Friday, May 31st. TransAlta’s dividend payout ratio (DPR) is presently 10.30%.
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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