TransAlta FY2024 EPS Estimate Decreased by Atb Cap Markets

TransAlta Co. (TSE:TA) (NYSE:TAC) – Research analysts at Atb Cap Markets reduced their FY2024 earnings per share estimates for TransAlta in a report issued on Tuesday, November 5th. Atb Cap Markets analyst N. Heywood now expects that the company will earn $0.91 per share for the year, down from their prior forecast of $1.06. Atb Cap Markets also issued estimates for TransAlta’s Q1 2025 earnings at $0.29 EPS and FY2026 earnings at $0.58 EPS.

A number of other equities analysts have also recently issued reports on the stock. Royal Bank of Canada lifted their target price on shares of TransAlta from C$14.00 to C$16.00 in a research report on Wednesday. National Bankshares raised their price objective on TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. BMO Capital Markets increased their target price on TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. CIBC lowered their price target on TransAlta from C$16.50 to C$15.50 and set an “outperform” rating for the company in a report on Monday, July 22nd. Finally, TD Securities upped their price target on TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, TransAlta has an average rating of “Moderate Buy” and an average target price of C$16.17.

TransAlta Stock Performance

TSE TA opened at C$14.62 on Thursday. The stock has a market capitalization of C$4.36 billion, a price-to-earnings ratio of 7.69, a PEG ratio of -0.07 and a beta of 0.93. The business’s 50 day moving average is C$13.50 and its two-hundred day moving average is C$11.18. TransAlta has a 12-month low of C$8.22 and a 12-month high of C$15.37. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87.

Insider Activity

In other news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$11.45, for a total value of C$114,500.00. Over the last ninety days, insiders have sold 30,006 shares of company stock valued at $392,973. Company insiders own 0.21% of the company’s stock.

TransAlta Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 1st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, November 29th. TransAlta’s dividend payout ratio (DPR) is 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.