TC Energy Co. to Post FY2023 Earnings of $4.25 Per Share, National Bank Financial Forecasts (TSE:TRP)

TC Energy Co. (TSE:TRPFree Report) (NYSE:TRP) – National Bank Financial cut their FY2023 earnings per share (EPS) estimates for TC Energy in a research note issued to investors on Monday, January 29th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $4.25 per share for the year, down from their previous estimate of $4.33. The consensus estimate for TC Energy’s current full-year earnings is $4.17 per share. National Bank Financial also issued estimates for TC Energy’s FY2024 earnings at $3.93 EPS and FY2025 earnings at $3.93 EPS.

TC Energy (TSE:TRPGet Free Report) (NYSE:TRP) last issued its quarterly earnings results on Wednesday, November 8th. The company reported C$1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.97 by C$0.03. The firm had revenue of C$3.94 billion for the quarter, compared to analyst estimates of C$3.23 billion. TC Energy had a return on equity of 0.11% and a net margin of 0.07%.

Several other equities research analysts also recently issued reports on TRP. Stifel Nicolaus set a C$61.00 price target on TC Energy and gave the stock a “buy” rating in a report on Thursday, January 18th. Scotiabank cut their price objective on TC Energy from C$55.00 to C$54.00 in a research report on Tuesday, October 24th. National Bankshares upped their price target on TC Energy from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Tuesday. UBS Group upped their price target on TC Energy from C$45.00 to C$47.00 in a research report on Monday, October 16th. Finally, Wells Fargo & Company upped their price target on TC Energy from C$54.00 to C$57.00 in a research report on Thursday, December 14th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TC Energy currently has a consensus rating of “Hold” and an average price target of C$55.35.

Check Out Our Latest Stock Report on TC Energy

TC Energy Trading Down 0.6 %

TSE TRP opened at C$53.04 on Thursday. The company has a market cap of C$55.16 billion, a price-to-earnings ratio of -378.86, a P/E/G ratio of 0.70 and a beta of 0.80. TC Energy has a 52 week low of C$43.70 and a 52 week high of C$57.47. The business has a 50 day moving average price of C$52.26 and a 200-day moving average price of C$49.87. The company has a quick ratio of 0.40, a current ratio of 0.86 and a debt-to-equity ratio of 193.59.

TC Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were paid a $0.93 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.72 dividend on an annualized basis and a yield of 7.01%. TC Energy’s dividend payout ratio is currently -2,657.14%.

Insiders Place Their Bets

In other TC Energy news, Director Troy Tally sold 900 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of C$38.11, for a total value of C$34,299.99. In other news, Director Troy Tally sold 900 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of C$38.11, for a total transaction of C$34,299.99. Also, Senior Officer Christine R. Johnston sold 845 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of C$53.30, for a total value of C$45,038.50. Insiders have sold 3,690 shares of company stock worth $179,330 in the last ninety days. 0.04% of the stock is currently owned by insiders.

About TC Energy

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TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,700 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.

Further Reading

Earnings History and Estimates for TC Energy (TSE:TRP)

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