TC Energy (TRP) Set to Announce Quarterly Earnings on Thursday

TC Energy (NYSE:TRP) (TSE:TRP) will be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Thursday, August 1st. The pipeline company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.29. TC Energy had a return on equity of 16.97% and a net margin of 21.31%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period last year, the company posted $0.71 EPS. 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 Stock Up 0.4 %

TRP opened at $46.47 on Thursday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.68 and a current ratio of 0.76. The company has a market capitalization of $48.22 billion, a PE ratio of 19.04, a P/E/G ratio of 3.91 and a beta of 0.81. The stock’s fifty day moving average is $46.32 and its 200-day moving average is $41.73. TC Energy has a one year low of $31.04 and a one year high of $48.25.

Analysts Set New Price Targets

Several analysts recently commented on TRP shares. JPMorgan Chase & Co. raised shares of TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. StockNews.com assumed coverage on TC Energy in a report on Saturday, October 5th. They issued a “hold” rating on the stock. Barclays raised TC Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, July 17th. UBS Group raised TC Energy from a “neutral” rating to a “buy” rating in a research note on Monday, September 30th. Finally, The Goldman Sachs Group upped their price objective on shares of TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.50.

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.