Brokers Set Expectations for TransAlta Q3 Earnings

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

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

A number of other brokerages also recently issued reports on TA. National Bankshares upped their price objective on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. BMO Capital Markets boosted their price objective on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. Finally, CIBC dropped their target price on TransAlta from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$15.17.

TransAlta Trading Up 0.4 %

Shares of TransAlta stock opened at C$14.08 on Friday. The stock has a fifty day simple moving average of C$12.98 and a 200 day simple moving average of C$10.84. The company has a market capitalization of C$4.20 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87. TransAlta has a 12-month low of C$8.22 and a 12-month high of C$14.65.

TransAlta Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Sunday, September 1st were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Friday, August 30th. TransAlta’s payout ratio is 12.63%.

Insider Activity 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 the stock in a transaction on Wednesday, September 25th. The shares were 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 business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$10.99, for a total value of C$536,674.67. Insiders have sold a total of 120,217 shares of company stock valued at $1,397,220 over the last 90 days. 0.21% of the stock is owned by insiders.

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.