TC Energy (TRP) Set to Announce Quarterly Earnings on Friday

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP will issue its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings results on Friday, February 16th. The pipeline company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.20. TC Energy had a net margin of 18.25% and a return on equity of 18.60%. The firm had revenue of $3.11 billion for the quarter, compared to analysts' expectations of $2.93 billion. On average, analysts expect TC Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TC Energy Trading Up 0.5 %

TRP traded up $0.19 on Thursday, reaching $36.10. 3,580,791 shares of the company traded hands, compared to its average volume of 3,031,884. The company has a market cap of $36.10 billion, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 3.03 and a beta of 0.75. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 1.65. TC Energy has a one year low of $32.51 and a one year high of $42.49. The firm has a fifty day simple moving average of $38.95 and a two-hundred day simple moving average of $38.04.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.714 per share. The ex-dividend date is Wednesday, March 27th. This is a positive change from TC Energy's previous quarterly dividend of $0.67. This represents a $2.86 dividend on an annualized basis and a dividend yield of 7.91%. TC Energy's dividend payout ratio (DPR) is 139.41%.

Analyst Upgrades and Downgrades

TRP has been the subject of a number of research analyst reports. Stifel Nicolaus began coverage on TC Energy in a research report on Thursday, January 18th. They set a "buy" rating for the company. The Goldman Sachs Group upped their price objective on shares of TC Energy from $29.00 to $32.00 and gave the stock a "sell" rating in a research note on Friday, January 26th. Jefferies Financial Group started coverage on shares of TC Energy in a research report on Tuesday, February 27th. They set a "hold" rating on the stock. TheStreet upgraded shares of TC Energy from a "c+" rating to a "b-" rating in a report on Wednesday, March 20th. Finally, Barclays increased their price objective on shares of TC Energy from $53.00 to $55.00 and gave the company an "equal weight" rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $48.83.

About TC Energy

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.