TransAlta Co. to Post Q1 2024 Earnings of $0.16 Per Share, National Bank Financial Forecasts (TSE:TA)

TransAlta Co. (TSE:TA) (NYSE:TAC) – Equities research analysts at National Bank Financial issued their Q1 2024 earnings estimates for TransAlta in a report issued on Tuesday, April 23rd. National Bank Financial analyst P. Kenny anticipates that the company will earn $0.16 per share for the quarter. The consensus estimate for TransAlta’s current full-year earnings is $0.47 per share.

A number of other analysts have also recently issued reports on TA. BMO Capital Markets reduced their price objective on shares of TransAlta from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. CIBC reduced their price objective on shares of TransAlta from C$18.50 to C$16.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. TD Securities reduced their price objective on shares of TransAlta from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Monday, February 26th. National Bankshares reduced their price objective on shares of TransAlta from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada reduced their price objective on shares of TransAlta from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$15.55.

TransAlta Stock Up 1.9 %

Shares of TA stock opened at C$9.08 on Thursday. TransAlta has a 12 month low of C$8.22 and a 12 month high of C$13.97. The stock has a market cap of C$2.79 billion, a P/E ratio of 3.90, a P/E/G ratio of -0.07 and a beta of 0.89. The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 253.18. The company has a 50 day simple moving average of C$8.92 and a two-hundred day simple moving average of C$10.04.

TransAlta (TSE:TA) (NYSE:TAC) last announced its earnings results on Friday, February 23rd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.45). TransAlta had a net margin of 20.71% and a return on equity of 43.58%. The business had revenue of C$624.00 million for the quarter.

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.