What is Scotiabank’s Estimate for TC Energy FY2027 Earnings?

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Stock analysts at Scotiabank cut their FY2027 EPS estimates for shares of TC Energy in a research note issued to investors on Tuesday, August 4th. Scotiabank analyst R. Hope now anticipates that the company will earn $3.98 per share for the year, down from their prior estimate of $3.99. Scotiabank currently has a “Sector Outperform” rating and a $105.00 target price on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%. The business had revenue of C$3.96 billion for the quarter.

A number of other analysts have also issued reports on TRP. National Bank Financial raised their price target on TC Energy from C$102.00 to C$103.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Morgan Stanley cut shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 target price on the stock. in a research report on Wednesday, June 10th. ATB Cormark Capital Markets boosted their target price on shares of TC Energy from C$98.00 to C$100.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. BMO Capital Markets increased their price target on shares of TC Energy from C$94.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada lifted their price target on shares of TC Energy from C$104.00 to C$106.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$94.64.

TC Energy Stock Performance

Shares of TRP opened at C$89.47 on Thursday. The stock has a 50-day moving average of C$95.89 and a two-hundred day moving average of C$89.61. The company has a debt-to-equity ratio of 229.63, a quick ratio of 0.40 and a current ratio of 0.61. The stock has a market cap of C$93.21 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.69 and a beta of 0.72. TC Energy has a one year low of C$66.67 and a one year high of C$100.18.

Insider Buying and Selling at TC Energy

In other news, Director Trevor Ebl sold 5,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$93.45, for a total value of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total transaction of C$147,585.00. Corporate insiders own 0.03% of the company’s stock.

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.