TransAlta (TAC) Expected to Announce Earnings on Friday

TransAlta (NYSE:TAC) (TSE:TA) is anticipated to release its Q2 2025 earnings data before the market opens on Friday, August 1st. Analysts expect TransAlta to post earnings of $0.11 per share for the quarter.

TransAlta (NYSE:TAC) (TSE:TA) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). TransAlta had a negative return on equity of 1.64% and a net margin of 0.01%. The company had revenue of $526.69 million during the quarter, compared to analysts’ expectations of $509.31 million. On average, analysts expect TransAlta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TransAlta Trading Up 1.0%

TransAlta stock opened at $12.26 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.19. TransAlta has a 12 month low of $7.33 and a 12 month high of $14.64. The stock’s 50 day simple moving average is $10.95 and its two-hundred day simple moving average is $10.33. The firm has a market cap of $3.63 billion, a PE ratio of -612.69 and a beta of 0.76.

TransAlta Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 1st will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from TransAlta’s previous quarterly dividend of $0.05. TransAlta’s dividend payout ratio is currently -950.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Royal Bank Of Canada reduced their target price on TransAlta from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Wall Street Zen raised TransAlta from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th. Jefferies Financial Group raised TransAlta from a “hold” rating to a “buy” rating in a research note on Thursday, June 12th. Finally, Scotiabank raised TransAlta from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $16.00 to $20.00 in a research note on Friday, July 18th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.83.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TransAlta stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in TransAlta Corporation (NYSE:TAC) (TSE:TA) by 27.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 208,969 shares of the utilities provider’s stock after purchasing an additional 45,478 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.07% of TransAlta worth $1,954,000 at the end of the most recent quarter. Institutional investors own 59.00% of the company’s stock.

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.