TransAlta (TA) Set to Announce Earnings on Friday

TransAlta (TSE:TA) (NYSE:TAC) will be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect TransAlta to post earnings of C$0.14 per share for the quarter.

TransAlta (TSE:TA) (NYSE:TAC) last issued its 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). TransAlta had a net margin of 20.71% and a return on equity of 43.58%. The company had revenue of C$624.00 million during the quarter.

TransAlta Trading Up 1.2 %

Shares of TransAlta stock opened at C$9.13 on Wednesday. TransAlta has a 12-month low of C$8.22 and a 12-month high of C$13.97. The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 253.18. The stock has a market cap of C$2.81 billion, a PE ratio of 3.92, a price-to-earnings-growth ratio of -0.07 and a beta of 0.89. The company has a 50-day moving average of C$8.90 and a two-hundred day moving average of C$9.96.

TransAlta Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 1st will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.24 annualized dividend and a dividend yield of 2.63%. TransAlta’s dividend payout ratio is presently 10.30%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. TD Securities lowered their price target on shares of TransAlta from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. BMO Capital Markets decreased their target price on shares of TransAlta from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. National Bankshares decreased their target price on shares of TransAlta from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 30th. Royal Bank of Canada decreased their target price on shares of TransAlta from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Finally, CIBC decreased their target price on shares of TransAlta from C$18.50 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, TransAlta currently has an average rating of “Buy” and an average price target of C$15.55.

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.