TransCanada (TRP) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS
TransCanada (NYSE:TRP) (TSE:TRP) issued its quarterly earnings results on Thursday. The pipeline company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.12, reports. TransCanada had a return on equity of 11.99% and a net margin of 14.40%.
TransCanada (TRP) traded up $1.64 during trading on Thursday, reaching $44.56. The company’s stock had a trading volume of 429,883 shares, compared to its average volume of 1,400,413. TransCanada has a 12 month low of $41.24 and a 12 month high of $51.85. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $37,690.85, a P/E ratio of 28.65, a P/E/G ratio of 2.07 and a beta of 0.60.
Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded TransCanada from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Morgan Stanley reduced their target price on TransCanada from $54.00 to $51.00 and set an “overweight” rating for the company in a report on Friday, February 9th. TD Securities raised TransCanada to a “buy” rating in a report on Wednesday, November 29th. Bank of America started coverage on TransCanada in a report on Tuesday, January 9th. They issued a “buy” rating for the company. Finally, TheStreet downgraded TransCanada from a “b” rating to a “c+” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $57.25.
TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.
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