TC Energy (TRP) to Release Quarterly Earnings on Friday

TC Energy (NYSE:TRP) (TSE:TRP) is scheduled to be releasing its earnings data 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 listening to the company’s earnings conference call can do so using this link.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Friday, February 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.20. TC Energy had a return on equity of 18.60% and a net margin of 18.25%. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.93 billion. 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

Shares of TC Energy stock opened at $35.91 on Thursday. The firm has a market cap of $35.91 billion, a PE ratio of 17.69, a PEG ratio of 3.02 and a beta of 0.75. The stock has a 50 day moving average of $38.95 and a 200 day moving average of $38.04. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of 1.65. TC Energy has a 12 month low of $32.51 and a 12 month high of $42.49.

TC Energy Increases Dividend

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

Wall Street Analyst Weigh In

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