Q1 2024 EPS Estimates for TransAlta Co. Increased by Analyst (TSE:TA)

TransAlta Co. (TSE:TA) (NYSE:TAC) – Investment analysts at Atb Cap Markets raised their Q1 2024 earnings per share estimates for shares of TransAlta in a research note issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $0.19 per share for the quarter, up from their prior estimate of $0.14. The consensus estimate for TransAlta’s current full-year earnings is $0.47 per share. Atb Cap Markets also issued estimates for TransAlta’s FY2024 earnings at $0.75 EPS.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada decreased their target price on TransAlta from C$15.00 to C$14.00 and set an “outperform” rating for the company in a report on Monday, February 26th. TD Securities dropped their price objective on shares of TransAlta from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. BMO Capital Markets decreased their target price on shares of TransAlta from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. National Bankshares lowered their price target on shares of TransAlta from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Tuesday, January 30th. Finally, CIBC cut their price objective on shares of TransAlta from C$18.50 to C$16.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$15.55.

TransAlta Stock Up 1.9 %

Shares of TSE:TA opened at C$9.08 on Thursday. The company has a debt-to-equity ratio of 253.18, a quick ratio of 0.62 and a current ratio of 0.91. TransAlta has a 1 year low of C$8.22 and a 1 year high of C$13.97. The stock has a market capitalization of C$2.79 billion, a P/E ratio of 3.90, a PEG ratio of -0.07 and a beta of 0.89. The stock has a 50-day simple moving average of C$8.92 and a 200-day simple moving average of C$10.04.

TransAlta (TSE:TA) (NYSE:TAC) last issued its earnings results on Friday, February 23rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.45). TransAlta had a return on equity of 43.58% and a net margin of 20.71%. The firm had revenue of C$624.00 million for the quarter.

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.