National Bank Financial Forecasts TransAlta Q4 Earnings

TransAlta Co. (TSE:TA) (NYSE:TAC) – Equities research analysts at National Bank Financial issued their Q4 2024 EPS estimates for shares of TransAlta in a research report issued to clients and investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the company will post earnings of $0.07 per share for the quarter.

Other analysts have also recently issued reports about the stock. CIBC cut shares of TransAlta from an “outperform” rating to a “neutral” rating and upped their price target for the stock from C$17.00 to C$23.00 in a research report on Wednesday, January 8th. BMO Capital Markets upped their target price on TransAlta from C$17.00 to C$22.00 in a research report on Monday, December 16th. TD Securities raised their target price on TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their price target on TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. Finally, Scotiabank lowered shares of TransAlta from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$19.00 to C$21.00 in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$18.71.

TransAlta Price Performance

TA stock opened at C$16.71 on Friday. The company has a market cap of C$4.98 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87. The stock has a 50-day moving average price of C$18.61 and a two-hundred day moving average price of C$14.60. TransAlta has a 12-month low of C$8.22 and a 12-month high of C$21.22.

TransAlta (TSE:TA) (NYSE:TAC) last released its earnings results on Tuesday, November 5th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.30). TransAlta had a net margin of 19.50% and a return on equity of 32.01%. During the same quarter in the previous year, the company earned $1.19 earnings per share.

Insiders Place Their Bets

In other news, Director John Harry Kousinioris sold 35,179 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$20.73, for a total transaction of C$729,260.67. Also, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$19.41, for a total transaction of C$194,100.00. Insiders sold a total of 204,763 shares of company stock worth $3,478,670 in the last quarter. 0.21% of the stock is currently owned by corporate insiders.

TransAlta Company Profile

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.