Scotiabank Issues Pessimistic Outlook for TC Energy Earnings

Key Points

• Scotiabank slightly lowered its FY2027 EPS estimate for TC Energy to $3.98 from $3.99, while maintaining a “Sector Outperform” rating and a $105 price target.
• TC Energy reported quarterly EPS of C$0.94 on revenue of C$3.96 billion, with a 13.07% return on equity and a 22.46% net margin.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of C$95.64; the stock opened at C$83.15, below its 50- and 200-day moving averages.

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Equities researchers at Scotiabank reduced their FY2027 EPS estimates for shares of TC Energy in a research report issued on Friday, September 25th. Scotiabank analyst R. Hope now expects that the company will post earnings of $3.98 per share for the year, down from their previous forecast 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 - Get Free Report) NYSE: TRP last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.94 EPS for the quarter. The business had revenue of C$3.96 billion for the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada upgraded TC Energy to a "moderate buy" rating in a report on Friday, September 11th. Barclays increased their target price on TC Energy from C$100.00 to C$102.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. BMO Capital Markets raised their target price on shares of TC Energy from C$94.00 to C$99.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. ATB Cormark Capital Markets lifted their price target on shares of TC Energy from C$98.00 to C$100.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. Finally, Morgan Stanley cut shares of TC Energy from an "overweight" rating to an "equal weight" rating and set a C$103.00 price target for the company. in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$95.64.

TC Energy Stock Down 0.0%

TSE:TRP opened at C$83.15 on Tuesday. TC Energy has a 1 year low of C$69.41 and a 1 year high of C$100.18. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 229.63. The stock has a market cap of C$86.62 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 1.69 and a beta of 0.68. The stock has a 50-day moving average price of C$88.59 and a two-hundred day moving average price of C$90.61.

About TC Energy

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.

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