TC Energy Q3 EPS Estimate Boosted by US Capital Advisors

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities research analysts at US Capital Advisors increased their Q3 2024 earnings estimates for TC Energy in a report issued on Monday, October 28th. US Capital Advisors analyst J. Carreker now anticipates that the company will earn $1.07 per share for the quarter, up from their prior estimate of $0.99. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. US Capital Advisors also issued estimates for TC Energy’s Q1 2025 earnings at $0.90 EPS, Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $3.34 EPS and FY2026 earnings at $3.25 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.89 by C$0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The firm had revenue of C$4.09 billion during the quarter, compared to the consensus estimate of C$3.78 billion.

Several other research analysts also recently commented on TRP. Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. Jefferies Financial Group raised their target price on shares of TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. dropped their price target on shares of TC Energy from C$66.00 to C$60.00 and set a “neutral” rating for the company in a research report on Tuesday, October 8th. Royal Bank of Canada raised their price objective on shares of TC Energy from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, National Bankshares lowered their target price on shares of TC Energy from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, TC Energy presently has a consensus rating of “Hold” and a consensus target price of C$61.92.

TC Energy Price Performance

TSE TRP opened at C$64.59 on Wednesday. The business’s fifty day moving average is C$62.98 and its 200 day moving average is C$56.84. TC Energy has a fifty-two week low of C$43.05 and a fifty-two week high of C$66.70. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The company has a market capitalization of C$67.17 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

Insider Activity at TC Energy

In related news, Director Colin Lindley sold 2,773 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$59.42, for a total value of C$164,761.40. Following the completion of the transaction, the director now directly owns 697 shares of the company’s stock, valued at approximately C$41,413.16. This trade represents a 0.00 % decrease in their ownership of the stock. In other news, Director Colin Lindley sold 2,773 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$59.42, for a total value of C$164,761.40. Following the sale, the director now directly owns 697 shares in the company, valued at C$41,413.16. The trade was a 0.00 % decrease in their position. Also, Director Jawad Masud sold 6,041 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$63.50, for a total transaction of C$383,603.50. Over the last three months, insiders sold 95,479 shares of company stock valued at $5,860,018. Insiders own 0.03% of the company’s stock.

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.