TransAlta (TAC) Projected to Post Quarterly Earnings on Friday

TransAlta (NYSE:TAC - Get Free Report) TSE: TA will likely be posting its Q2 2025 quarterly earnings results before the market opens on Friday, August 1st. Analysts expect the company to announce earnings of $0.11 per share for the quarter.

TransAlta (NYSE:TAC - Get Free Report) TSE: TA last announced its earnings results on Wednesday, May 7th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $526.69 million for the quarter, compared to analysts' expectations of $509.31 million. TransAlta had a net margin of 0.01% and a negative return on equity of 1.64%. On average, analysts expect TransAlta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TransAlta Stock Down 0.7%

TransAlta stock traded down $0.08 during midday trading on Monday, hitting $12.19. 1,377,558 shares of the company were exchanged, compared to its average volume of 975,459. The company's fifty day moving average price is $10.83 and its 200-day moving average price is $10.31. The company has a market cap of $3.61 billion, a PE ratio of -609.20 and a beta of 0.76. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.84 and a quick ratio of 0.78. TransAlta has a fifty-two week low of $7.27 and a fifty-two week high of $14.64.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TransAlta stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of TransAlta Corporation (NYSE:TAC - Free Report) TSE: TA by 27.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 208,969 shares of the utilities provider's stock after buying an additional 45,478 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.07% of TransAlta worth $1,954,000 at the end of the most recent quarter. Institutional investors own 59.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TAC shares. Scotiabank raised TransAlta from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $16.00 to $20.00 in a research report on Friday, July 18th. Royal Bank Of Canada dropped their price target on TransAlta from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Jefferies Financial Group raised TransAlta from a "hold" rating to a "buy" rating in a research report on Thursday, June 12th. Finally, Wall Street Zen raised TransAlta from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $19.83.

TransAlta Company Profile

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.