National Bank Financial Predicts TransAlta Q4 Earnings

TransAlta Co. (TSE:TA) (NYSE:TAC) – Analysts at National Bank Financial issued their Q4 2024 earnings estimates for shares of TransAlta in a research report issued to clients and investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny forecasts that the company will post earnings of $0.07 per share for the quarter.

TransAlta (TSE:TA) (NYSE:TAC) last announced its earnings results on Tuesday, November 5th. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C$0.18 by C($0.30). TransAlta had a return on equity of 32.01% and a net margin of 19.50%. During the same period last year, the company earned $1.19 earnings per share.

Other research analysts also recently issued research reports about the stock. CIBC downgraded shares of TransAlta from an “outperform” rating to a “neutral” rating and upped their price target for the stock from C$17.00 to C$23.00 in a research report on Wednesday, January 8th. Desjardins upped their target price on shares of TransAlta from C$15.50 to C$16.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. TD Securities raised their price target on shares of TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. BMO Capital Markets upped their price objective on TransAlta from C$17.00 to C$22.00 in a report on Monday, December 16th. Finally, Scotiabank cut TransAlta from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$19.00 to C$21.00 in a research note on Thursday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, TransAlta has a consensus rating of “Moderate Buy” and a consensus target price of C$18.71.

TransAlta Price Performance

TransAlta stock opened at C$16.71 on Friday. TransAlta has a 52 week low of C$8.22 and a 52 week high of C$21.22. The firm has a market cap of C$4.98 billion, a P/E ratio of 8.79, a P/E/G ratio of -0.07 and a beta of 0.93. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. The business’s fifty day moving average is C$18.61 and its two-hundred day moving average is C$14.60.

Insider Buying and Selling at TransAlta

In related news, Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$15.11, for a total transaction of C$377,750.00. Also, Director John Harry Kousinioris sold 69,982 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$15.15, for a total transaction of C$1,060,227.30. In the last 90 days, insiders sold 204,763 shares of company stock worth $3,478,670. Insiders own 0.21% of the company’s stock.

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.