TransAlta (TA) Scheduled to Post Earnings on Tuesday

TransAlta (TSE:TA) (NYSE:TAC) will release its earnings data before the market opens on Tuesday, November 5th. Analysts expect TransAlta to post earnings of C$0.29 per share for the quarter.

TransAlta (TSE:TA) (NYSE:TAC) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.18 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.11. TransAlta had a return on equity of 32.01% and a net margin of 19.50%. The business had revenue of C$582.00 million for the quarter.

TransAlta Price Performance

Shares of TSE TA opened at C$14.36 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. The company has a market capitalization of C$4.28 billion, a PE ratio of 7.56, a PEG ratio of -0.07 and a beta of 0.93. The stock’s 50 day moving average price is C$13.26 and its 200-day moving average price is C$11.05. TransAlta has a twelve month low of C$8.22 and a twelve month high of C$14.75.

TransAlta Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 1st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s dividend payout ratio (DPR) is currently 12.63%.

Insiders Place Their Bets

In related news, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of TransAlta stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$10.99, for a total value of C$536,674.67. In other TransAlta news, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$10.99, for a total value of C$536,674.67. Also, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$11.45, for a total value of C$114,500.00. In the last 90 days, insiders sold 120,217 shares of company stock worth $1,397,220. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TA shares. BMO Capital Markets raised their target price on TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. TD Securities boosted their price objective on TransAlta from C$14.00 to C$16.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. National Bankshares upped their price objective on shares of TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Desjardins set a C$15.50 target price on shares of TransAlta and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, CIBC dropped their price target on shares of TransAlta from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$15.50.

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.