Tc Pipelines (NYSE:TRP) (TSE:TRP) posted its earnings results on Thursday. The pipeline company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.25, Briefing.com reports. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Tc Pipelines had a net margin of 29.37% and a return on equity of 14.12%. During the same quarter last year, the company posted $1.03 EPS.
TRP stock traded up $0.61 during mid-day trading on Friday, hitting $56.22. The stock had a trading volume of 94,403 shares, compared to its average volume of 1,493,788. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 1.60. Tc Pipelines has a 52 week low of $41.86 and a 52 week high of $55.78. The firm has a market capitalization of $51.85 billion, a P/E ratio of 17.41, a P/E/G ratio of 3.30 and a beta of 0.73. The firm has a fifty day simple moving average of $54.09 and a 200 day simple moving average of $51.48.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be issued a $0.612 dividend. This is a positive change from Tc Pipelines’s previous quarterly dividend of $0.57. This represents a $2.45 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Monday, March 30th. Tc Pipelines’s dividend payout ratio (DPR) is currently 77.52%.
Tc Pipelines Company Profile
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, and other businesses.
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