Research Analysts Issue Forecasts for TransAlta Q3 Earnings

TransAlta Co. (TSE:TA) (NYSE:TAC) – Investment analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for shares of TransAlta in a research report issued on Wednesday, October 23rd. National Bank Financial analyst P. Kenny expects that the company will post earnings per share of $0.20 for the quarter.

TransAlta (TSE:TA) (NYSE:TAC) last issued its earnings results on Thursday, August 1st. The company reported C$0.18 earnings per share for the quarter, topping 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 firm had revenue of C$582.00 million for the quarter.

TA has been the subject of several other research reports. CIBC decreased their target price on shares of TransAlta from C$16.50 to C$15.50 and set an “outperform” rating for the company in a research report on Monday, July 22nd. National Bankshares increased their price objective on TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, BMO Capital Markets lifted their target price on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$15.10.

TransAlta Price Performance

The firm has a market cap of C$4.21 billion, a PE ratio of 7.41, a PEG ratio of -0.07 and a beta of 0.93. The business has a fifty day moving average price of C$12.98 and a 200-day moving average price of C$10.84. TransAlta has a twelve month low of C$8.22 and a twelve month high of C$14.65. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84.

Insider Buying and Selling

In other news, Senior Officer Jane Nyla Fedoretz sold 41,378 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of C$11.30, for a total value of C$467,571.40. In other news, Senior Officer Jane Nyla Fedoretz sold 41,378 shares of TransAlta stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of C$11.30, for a total value of C$467,571.40. Also, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$10.99, for a total transaction of C$536,674.67. Insiders have sold a total of 120,217 shares of company stock valued at $1,397,220 over the last quarter. Corporate insiders own 0.21% of the company’s stock.

TransAlta Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors 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 dividend yield of ∞. TransAlta’s dividend payout ratio is presently 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.