Scotiabank Comments on TC Energy’s FY2027 Earnings (TSE:TRP)

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities research analysts at Scotiabank lifted their FY2027 EPS estimates for shares of TC Energy in a research note issued on Wednesday, August 19th. Scotiabank analyst R. Hope now anticipates that the company will earn $3.99 per share for the year, up from their previous forecast of $3.98. Scotiabank has a “Sector Outperform” rating and a $105.00 price target on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Thursday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%. The company had revenue of C$3.96 billion for the quarter.

Several other analysts have also recently issued reports on the company. Canadian Imperial Bank of Commerce increased their price objective on TC Energy from C$89.00 to C$94.00 in a research note on Monday, May 4th. ATB Cormark Capital Markets boosted their target price on TC Energy from C$98.00 to C$100.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. BMO Capital Markets upped their price target on TC Energy from C$94.00 to C$99.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Morgan Stanley downgraded TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price target on the stock. in a report on Wednesday, June 10th. Finally, National Bank Financial increased their price target on TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$94.64.

TC Energy Stock Performance

TSE:TRP opened at C$85.58 on Monday. TC Energy has a 52 week low of C$69.41 and a 52 week high of C$100.18. The company has a fifty day simple moving average of C$93.83 and a two-hundred day simple moving average of C$90.57. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 229.63. The company has a market cap of C$89.15 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 1.69 and a beta of 0.72.

Insider Activity at TC Energy

In other TC Energy news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00. Corporate insiders own 0.03% of the company’s stock.

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.