TC Energy (TRP) Expected to Announce Quarterly Earnings on Friday

TC Energy (NYSE:TRP) (TSE:TRP) is expected to post its quarterly earnings results before the market opens on Friday, February 14th. Analysts expect TC Energy to post earnings of $0.53 per share and revenue of $2.64 billion for the quarter. Individual that are interested in registering for 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, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.83 billion. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. 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 Performance

Shares of TRP opened at $46.98 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23. The firm has a market cap of $48.81 billion, a PE ratio of 13.01, a PEG ratio of 4.31 and a beta of 0.81. TC Energy has a 1 year low of $31.83 and a 1 year high of $50.37. The stock’s fifty day moving average price is $46.85 and its two-hundred day moving average price is $46.29.

Wall Street Analyst Weigh In

TRP has been the subject of several analyst reports. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday. The Goldman Sachs Group raised their target price 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. TD Securities started coverage on shares of TC Energy in a research report on Wednesday, January 15th. They set a “buy” rating for the company. StockNews.com initiated coverage on shares of TC Energy in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. upgraded shares of TC Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, TC Energy has an average rating of “Hold” and an average target price of $56.00.

About TC Energy

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.