TransAlta (NYSE:TAC) (TSE:TA) posted its earnings results on Friday. The utilities provider reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.06, MarketWatch Earnings reports. The firm had revenue of $371.56 million during the quarter. TransAlta had a negative return on equity of 8.73% and a negative net margin of 14.67%.
NYSE TAC traded up $0.39 on Friday, reaching $6.44. The stock had a trading volume of 255,508 shares, compared to its average volume of 111,428. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.34 and a current ratio of 1.63. TransAlta has a 12-month low of $3.99 and a 12-month high of $7.61. The company’s 50-day moving average is $6.23. The firm has a market capitalization of $1.72 billion, a PE ratio of -12.15 and a beta of 1.22.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be paid a $0.031 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.12 dividend on an annualized basis and a yield of 1.93%. This is a boost from TransAlta’s previous quarterly dividend of $0.03. TransAlta’s payout ratio is currently -22.64%.
TransAlta Company Profile
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind.
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