TransAlta (TA) Scheduled to Post Quarterly Earnings on Tuesday

TransAlta (TSE:TA) (NYSE:TAC) will issue its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of C$0.29 per share for the quarter.

TransAlta (TSE:TA) (NYSE:TAC) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.07 by C$0.11. TransAlta had a net margin of 19.50% and a return on equity of 32.01%. The company had revenue of C$582.00 million during the quarter.

TransAlta Price Performance

Shares of TA stock opened at C$14.20 on Tuesday. TransAlta has a 12-month low of C$8.22 and a 12-month high of C$14.65. The firm has a market capitalization of C$4.23 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. The firm has a fifty day moving average of C$12.98 and a 200-day moving average of C$10.84.

TransAlta Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s dividend payout ratio (DPR) is 12.63%.

Insider Activity

In related news, Senior Officer Jane Nyla Fedoretz sold 41,378 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$11.30, for a total value of C$467,571.40. In related news, Senior Officer Jane Nyla Fedoretz sold 41,378 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$11.30, for a total value of C$467,571.40. Also, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$10.99, for a total transaction of C$536,674.67. In the last ninety days, insiders have sold 120,217 shares of company stock valued at $1,397,220. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on TA. National Bankshares boosted their price objective on shares of TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. BMO Capital Markets boosted their price objective on shares of TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. Finally, CIBC cut their price objective on shares of TransAlta from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, TransAlta presently has an average rating of “Buy” and an average price target of C$15.10.

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.