TC Energy (TRP) Projected to Post Quarterly Earnings on Thursday

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP is expected to release its Q1 2025 earnings data before the market opens on Thursday, May 1st. Analysts expect TC Energy to post earnings of $0.73 per share and revenue of $2.57 billion for the quarter.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.54. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The company had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same period last year, the business posted $1.35 earnings per share. 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 Stock Up 0.0 %

Shares of TRP stock traded up $0.01 during trading hours on Tuesday, reaching $50.26. 233,998 shares of the company's stock were exchanged, compared to its average volume of 2,571,012. TC Energy has a 1 year low of $35.38 and a 1 year high of $50.45. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. The stock has a market cap of $52.25 billion, a PE ratio of 15.55, a PEG ratio of 4.34 and a beta of 0.74. The stock's fifty day moving average price is $47.12 and its two-hundred day moving average price is $47.21.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.85 per share. This is an increase from TC Energy's previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a dividend yield of 6.76%. The ex-dividend date is Monday, March 31st. TC Energy's payout ratio is presently 72.84%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. StockNews.com lowered TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Royal Bank of Canada lifted their price objective on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Citigroup assumed coverage on shares of TC Energy in a report on Friday, April 4th. They issued a "neutral" rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $62.00.

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.