FY2024 EPS Estimates for TransAlta Cut by Atb Cap Markets

TransAlta Co. (TSE:TA) (NYSE:TAC) – Atb Cap Markets cut their FY2024 EPS estimates for shares of TransAlta in a report released on Tuesday, November 5th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.91 for the year, down from their previous forecast of $1.06. Atb Cap Markets also issued estimates for TransAlta’s Q1 2025 earnings at $0.29 EPS and FY2026 earnings at $0.58 EPS.

A number of other equities analysts have also weighed in on TA. Desjardins lowered shares of TransAlta from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. National Bankshares lifted their target price on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. TD Securities raised their price target on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets raised their target price on shares of TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. Finally, Royal Bank of Canada boosted their price target on shares of TransAlta from C$14.00 to C$16.00 in a research report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, TransAlta has an average rating of “Moderate Buy” and an average price target of C$16.17.

TransAlta Price Performance

Shares of TA stock opened at C$14.35 on Thursday. TransAlta has a 12-month low of C$8.22 and a 12-month high of C$15.37. 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 firm has a market capitalization of C$4.28 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The firm has a fifty day moving average of C$13.55 and a 200-day moving average of C$11.23.

Insider Buying and Selling at TransAlta

In other news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of TransAlta stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of C$13.92, for a total value of C$278,400.00. Insiders have sold a total of 30,006 shares of company stock valued at $392,973 in the last ninety days. 0.21% of the stock is currently owned by company insiders.

TransAlta Dividend Announcement

The company 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 $0.06 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.67%. TransAlta’s payout ratio is 12.63%.

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.