TransAlta (TAC) Expected to Announce Earnings on Wednesday

TransAlta (NYSE:TAC - Get Free Report) TSE: TA is projected to release its Q1 2025 earnings data before the market opens on Wednesday, May 7th. Analysts expect TransAlta to post earnings of $0.15 per share for the quarter.

TransAlta (NYSE:TAC - Get Free Report) TSE: TA last released its quarterly earnings results on Thursday, February 20th. The utilities provider reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.28). TransAlta had a net margin of 6.38% and a return on equity of 18.47%. The business had revenue of $484.60 million for the quarter. On average, analysts expect TransAlta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TransAlta Price Performance

Shares of NYSE:TAC traded down $0.15 during midday trading on Monday, reaching $9.13. 76,557 shares of the company were exchanged, compared to its average volume of 1,142,592. The stock has a market cap of $2.72 billion, a PE ratio of 22.26 and a beta of 0.72. The business's fifty day moving average is $9.20 and its two-hundred day moving average is $10.94. The company has a current ratio of 0.74, a quick ratio of 0.67 and a debt-to-equity ratio of 2.94. TransAlta has a one year low of $6.78 and a one year high of $14.64.

TransAlta Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Sunday, June 1st will be given a $0.0458 dividend. This represents a $0.18 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, May 30th. This is an increase from TransAlta's previous quarterly dividend of $0.04. TransAlta's dividend payout ratio is 43.90%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Jefferies Financial Group initiated coverage on shares of TransAlta in a research report on Friday, April 11th. They issued a "hold" rating for the company. Cibc World Mkts upgraded shares of TransAlta from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 18th. CIBC upgraded TransAlta from a "neutral" rating to an "outperformer" rating and lowered their target price for the company from $23.00 to $19.50 in a report on Tuesday, February 18th. StockNews.com cut TransAlta from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Scotiabank cut TransAlta from a "sector outperform" rating to a "sector perform" rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $19.50.

About TransAlta

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.