TransAlta (TAC) to Release Quarterly Earnings on Tuesday

TransAlta (NYSE:TAC) (TSE:TA) will issue its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

TransAlta (NYSE:TAC) (TSE:TA) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. The firm had revenue of $425.37 million for the quarter. TransAlta had a return on equity of 47.71% and a net margin of 18.41%. During the same quarter last year, the business earned $0.17 EPS. On average, analysts expect TransAlta to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TransAlta Trading Up 0.5 %

Shares of TAC stock opened at $10.21 on Tuesday. The stock’s fifty day moving average is $9.65 and its two-hundred day moving average is $8.03. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.75 and a current ratio of 0.84. The firm has a market capitalization of $3.05 billion, a P/E ratio of 6.76 and a beta of 0.92. TransAlta has a fifty-two week low of $5.94 and a fifty-two week high of $10.73.

TransAlta Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be issued a $0.044 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.18 dividend on an annualized basis and a yield of 1.72%. TransAlta’s payout ratio is currently 11.26%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded TransAlta from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 25th.

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.