FY2027 Earnings Estimate for TC Energy Issued By Scotiabank

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities research analysts at Scotiabank cut their FY2027 earnings per share (EPS) estimates for TC Energy in a research report issued to clients and investors on Tuesday, August 4th. Scotiabank analyst R. Hope now forecasts that the company will earn $3.98 per share for the year, down from their prior estimate of $3.99. Scotiabank currently has a “Sector Outperform” rating and a $105.00 target price on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.94 EPS for the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%.The company had revenue of C$3.96 billion for the quarter.

TRP has been the subject of several other research reports. Barclays lifted their price target on TC Energy from C$100.00 to C$102.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. BMO Capital Markets upped their price target on shares of TC Energy from C$94.00 to C$99.00 and gave the company an “outperform” rating in a report on Friday, July 31st. National Bank Financial boosted their target price on TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce boosted their price objective on TC Energy from C$89.00 to C$94.00 in a report on Monday, May 4th. Finally, The Goldman Sachs Group upgraded TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price for the company in a research report on Sunday, April 19th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$94.64.

TC Energy Stock Down 2.7%

Shares of TRP stock opened at C$89.47 on Thursday. The stock has a market cap of C$93.21 billion, a P/E ratio of 26.79, a PEG ratio of 1.69 and a beta of 0.72. TC Energy has a 52 week low of C$66.67 and a 52 week high of C$100.18. The company’s fifty day simple moving average is C$95.89 and its two-hundred day simple moving average is C$89.61. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 229.63.

Insider Buying and Selling at TC Energy

In other news, Director Trevor Ebl sold 5,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$93.45, for a total value of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total transaction of C$147,585.00. 0.03% of the stock is currently owned by insiders.

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.