TransAlta Co. (TA) to Release Earnings on Wednesday
TransAlta Co. (TSE:TA) (NYSE:TAC) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 9th. Analysts expect TransAlta to post earnings of ($0.09) per share for the quarter.
TransAlta (TSE:TA) (NYSE:TAC) last issued its earnings results on Friday, May 5th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $578 million during the quarter, compared to the consensus estimate of $571.03 million.
Shares of TransAlta Co. (TSE TA) opened at 8.24 on Monday. TransAlta Co. has a 52 week low of $5.11 and a 52 week high of $8.38. The firm has a market capitalization of $2.37 billion and a P/E ratio of 43.14. The stock has a 50 day moving average price of $8.01 and a 200 day moving average price of $7.59.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 1st will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, August 30th.
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Several brokerages recently issued reports on TA. National Bank Financial boosted their price target on shares of TransAlta from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. BMO Capital Markets reiterated a “market perform” rating and set a C$8.00 price target on shares of TransAlta in a research report on Tuesday, May 23rd. Finally, TD Securities reiterated a “hold” rating and set a C$8.00 price target on shares of TransAlta in a research report on Friday, April 21st. Five investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of C$7.97.
In other TransAlta news, insider Francois Gratton sold 555 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of C$45.69, for a total value of C$25,357.95.
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.
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