Q1 2024 EPS Estimates for TransAlta Co. (TSE:TA) Lifted by Analyst

TransAlta Co. (TSE:TA) (NYSE:TAC) – Analysts at Atb Cap Markets boosted their Q1 2024 earnings estimates for TransAlta in a research report issued to clients and investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will earn $0.19 per share for the quarter, up from their previous forecast of $0.14. The consensus estimate for TransAlta’s current full-year earnings is $0.47 per share. Atb Cap Markets also issued estimates for TransAlta’s FY2024 earnings at $0.75 EPS.

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

Several other brokerages also recently issued reports on TA. BMO Capital Markets lowered their price target on 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. TD Securities lowered their price target on 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. CIBC lowered their price target on 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. Royal Bank of Canada lowered their price target on 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. Finally, National Bankshares lowered their price target on 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. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, TransAlta currently has an average rating of “Buy” and an average target price of C$15.55.

TransAlta Trading Up 1.9 %

TransAlta stock opened at C$9.08 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. The company has a market capitalization of C$2.79 billion, a price-to-earnings ratio of 3.90, a PEG ratio of -0.07 and a beta of 0.89. TransAlta has a one year low of C$8.22 and a one year high of C$13.97. The company’s fifty day moving average price is C$8.92 and its two-hundred day moving average price is C$10.04.

TransAlta Company Profile

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.