TransAlta (TAC) to Release Quarterly Earnings on Thursday

TransAlta (NYSE:TAC) (TSE:TA) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect TransAlta to post earnings of $0.12 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

TransAlta Trading Down 1.0 %

Shares of NYSE TAC opened at $10.45 on Thursday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.67 and a current ratio of 0.74. The business’s 50 day moving average price is $13.02 and its 200-day moving average price is $10.84. TransAlta has a fifty-two week low of $5.94 and a fifty-two week high of $14.64. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 28.24 and a beta of 0.83.

TransAlta Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 1st will be issued a dividend of $0.0423 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.17 annualized dividend and a yield of 1.62%. TransAlta’s payout ratio is currently 48.65%.

Wall Street Analyst Weigh In

Several research firms have commented on TAC. CIBC downgraded TransAlta from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 8th. Cibc World Mkts downgraded TransAlta from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Scotiabank downgraded TransAlta from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, January 23rd. Desjardins reiterated a “hold” rating on shares of TransAlta in a report on Wednesday, November 6th. Finally, StockNews.com upgraded TransAlta from a “hold” rating to a “buy” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

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.