Equities Analysts Set Expectations for TC Energy Q3 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at US Capital Advisors boosted their Q3 2024 EPS estimates for shares of TC Energy in a research note issued on Monday, October 28th. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings per share of $1.07 for the quarter, up from their prior estimate of $0.99. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. US Capital Advisors also issued estimates for TC Energy’s Q1 2025 earnings at $0.90 EPS, Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $3.34 EPS and FY2026 earnings at $3.25 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.89 by C$0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The firm had revenue of C$4.09 billion during the quarter, compared to analyst estimates of C$3.78 billion.

Several other analysts have also weighed in on the company. Royal Bank of Canada upped their price objective on TC Energy from C$66.00 to C$67.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. National Bankshares cut their target price on shares of TC Energy from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. ATB Capital reduced their price objective on TC Energy from C$60.00 to C$58.00 and set a “sector perform” rating for the company in a research note on Thursday, October 3rd. UBS Group raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Finally, BMO Capital Markets cut their price objective on TC Energy from C$65.00 to C$55.00 and set a “market perform” rating for the company in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$61.92.

TC Energy Price Performance

Shares of TRP opened at C$64.76 on Wednesday. The firm has a market capitalization of C$67.35 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The stock’s fifty day moving average is C$63.06 and its 200-day moving average is C$56.94. TC Energy has a one year low of C$43.05 and a one year high of C$66.70.

Insiders Place Their Bets

In related news, Director Rosemary K. Stevens sold 1,200 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$59.88, for a total value of C$71,856.00. Following the completion of the transaction, the director now owns 987 shares of the company’s stock, valued at C$59,101.56. This represents a 0.00 % decrease in their ownership of the stock. In other news, Director Rosemary K. Stevens sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$59.88, for a total transaction of C$71,856.00. Following the completion of the sale, the director now owns 987 shares of the company’s stock, valued at approximately C$59,101.56. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Christine R. Johnston sold 16,292 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$59.71, for a total value of C$972,795.32. Following the completion of the sale, the insider now owns 466 shares of the company’s stock, valued at approximately C$27,824.86. This trade represents a 0.00 % decrease in their ownership of the stock. Insiders have sold 95,179 shares of company stock worth $5,842,198 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.