National Bank Financial Comments on TransAlta Co.’s Q1 2024 Earnings (TSE:TA)

TransAlta Co. (TSE:TA) (NYSE:TAC) – Analysts at National Bank Financial issued their Q1 2024 EPS estimates for shares of TransAlta in a research report issued on Tuesday, April 23rd. National Bank Financial analyst P. Kenny forecasts that the company will earn $0.16 per share for the quarter. The consensus estimate for TransAlta’s current full-year earnings is $0.47 per share.

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

TransAlta Stock Performance

TransAlta stock opened at C$9.06 on Thursday. The firm’s fifty day moving average price is C$8.91 and its 200-day moving average price is C$10.02. The company has a debt-to-equity ratio of 253.18, a quick ratio of 0.62 and a current ratio of 0.91. The stock has a market cap of C$2.79 billion, a P/E ratio of 3.89, a price-to-earnings-growth ratio of -0.07 and a beta of 0.89. TransAlta has a fifty-two week low of C$8.22 and a fifty-two week high of C$13.97.

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

TransAlta Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Saturday, June 1st will be issued a $0.06 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.24 annualized dividend and a yield of 2.65%. TransAlta’s dividend payout ratio (DPR) is presently 10.30%.

About TransAlta

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.