TC Energy (TRP) Set to Announce Earnings on Friday

TC Energy (NYSE:TRP) (TSE:TRP) will post its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect TC Energy to post earnings of $0.85 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Friday, February 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.20. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.93 billion. TC Energy had a net margin of 18.25% and a return on equity of 18.60%. On average, analysts expect TC Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TC Energy Price Performance

TRP opened at $35.91 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.96 and a quick ratio of 0.88. The company has a market capitalization of $35.91 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 3.02 and a beta of 0.75. The firm’s fifty day moving average price is $38.95 and its two-hundred day moving average price is $38.04. TC Energy has a 1 year low of $32.51 and a 1 year high of $42.49.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.714 per share. This represents a $2.86 dividend on an annualized basis and a yield of 7.95%. This is an increase from TC Energy’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Wednesday, March 27th. TC Energy’s payout ratio is currently 139.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of TC Energy from $29.00 to $32.00 and gave the stock a “sell” rating in a report on Friday, January 26th. Stifel Nicolaus assumed coverage on shares of TC Energy in a report on Thursday, January 18th. They set a “buy” rating on the stock. Barclays lifted their price objective on shares of TC Energy from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Jefferies Financial Group began coverage on shares of TC Energy in a research report on Tuesday, February 27th. They set a “hold” rating for the company. Finally, TheStreet upgraded shares of TC Energy from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.83.

TC Energy Company Profile

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 93,600 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.