Analysts Issue Forecasts for TransAlta Q3 Earnings

TransAlta Co. (TSE:TA) (NYSE:TAC) – Analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for TransAlta in a report issued on Wednesday, October 23rd. National Bank Financial analyst P. Kenny forecasts that the company will post earnings of $0.20 per share for the quarter.

Other analysts have also recently issued reports about the stock. 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 note on Friday, August 23rd. BMO Capital Markets boosted their price target on TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. Finally, CIBC cut their price objective on TransAlta from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$15.10.

TransAlta Price Performance

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 firm has a market capitalization of C$4.21 billion, a price-to-earnings ratio of 7.41, a PEG ratio of -0.07 and a beta of 0.93. The firm has a fifty day moving average price of C$12.98 and a 200 day moving average price of C$10.84. TransAlta has a 52-week low of C$8.22 and a 52-week high of C$14.65.

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

Insider Transactions at TransAlta

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$13.92, for a total value of C$278,400.00. In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of TransAlta stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of C$13.92, for a total transaction of C$278,400.00. Also, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$10.99, for a total value of C$536,674.67. Over the last three months, insiders have sold 120,217 shares of company stock valued at $1,397,220. Corporate insiders own 0.21% of the company’s stock.

TransAlta Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of ∞. TransAlta’s dividend payout ratio is currently 12.63%.

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.