TransAlta (TA) Scheduled to Post Quarterly Earnings on Friday

TransAlta (TSE:TA) (NYSE:TAC) is set to announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of C$0.14 per share for the quarter.

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

TransAlta Stock Performance

Shares of TSE TA opened at C$9.19 on Thursday. The company has a debt-to-equity ratio of 253.18, a current ratio of 0.91 and a quick ratio of 0.62. TransAlta has a 1 year low of C$8.22 and a 1 year high of C$13.97. The firm has a fifty day moving average price of C$8.90 and a 200-day moving average price of C$9.96. The stock has a market cap of C$2.83 billion, a PE ratio of 3.94, a price-to-earnings-growth ratio of -0.07 and a beta of 0.89.

TransAlta Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 1st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, May 31st. TransAlta’s dividend payout ratio (DPR) is 10.30%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. TD Securities cut their target price on shares of TransAlta from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Monday, February 26th. National Bankshares reduced their target price on TransAlta from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a report on Tuesday, January 30th. Royal Bank of Canada dropped their price target on TransAlta from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. CIBC cut their price target on TransAlta from C$18.50 to C$16.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Finally, BMO Capital Markets decreased their price objective on TransAlta from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$15.55.

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.