TransAlta (TAC) to Release Quarterly Earnings on Tuesday

TransAlta (NYSE:TAC) (TSE:TA) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

TransAlta (NYSE:TAC) (TSE:TA) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. The company had revenue of $425.37 million during the quarter. TransAlta had a net margin of 18.41% and a return on equity of 47.71%. During the same period in the prior year, the firm earned $0.17 earnings per share. On average, analysts expect TransAlta to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TransAlta Stock Performance

TransAlta stock opened at $10.27 on Friday. TransAlta has a 12 month low of $5.94 and a 12 month high of $10.73. The stock’s 50-day moving average is $9.83 and its 200-day moving average is $8.16. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.84 and a quick ratio of 0.75. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 6.80 and a beta of 0.92.

TransAlta Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be paid a dividend of $0.044 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.18 annualized dividend and a yield of 1.71%. TransAlta’s dividend payout ratio is currently 11.26%.

Analyst Ratings Changes

Several research analysts have commented on TAC shares. StockNews.com lowered TransAlta from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 25th. Desjardins began coverage on shares of TransAlta in a report on Wednesday. They set a “buy” rating on the stock.

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.