TransAlta (TA) Scheduled to Post Earnings on Friday

TransAlta (TSE:TA - Get Free Report) NYSE: TAC is scheduled to release its earnings data before the market opens on Friday, May 3rd. Analysts expect TransAlta to post earnings of C$0.14 per share for the quarter.

TransAlta (TSE:TA - Get Free Report) NYSE: TAC last issued its quarterly earnings results on Friday, February 23rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.18 by C($0.45). TransAlta had a return on equity of 43.58% and a net margin of 20.71%. The business had revenue of C$624.00 million for the quarter.

TransAlta Stock Down 2.8 %

Shares of TA stock traded down C$0.26 during trading hours on Friday, reaching C$9.06. 939,511 shares of the stock were exchanged, compared to its average volume of 956,577. The business's fifty day moving average is C$8.92 and its two-hundred day moving average is C$10.04. The company has a debt-to-equity ratio of 253.18, a current ratio of 0.91 and a quick ratio of 0.62. TransAlta has a 12-month low of C$8.22 and a 12-month high of C$13.97. The firm has a market capitalization of C$2.79 billion, a P/E ratio of 4.00, a P/E/G ratio of -0.07 and a beta of 0.89.

TransAlta Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Saturday, June 1st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.65%. TransAlta's payout ratio is 10.30%.

Wall Street Analysts Forecast Growth

TA has been the topic of several recent analyst reports. CIBC dropped their price target on shares of TransAlta from C$18.50 to C$16.00 and set an "outperform" rating on the stock in a research note on Friday, April 19th. Royal Bank of Canada dropped their price target on shares of TransAlta from C$15.00 to C$14.00 and set an "outperform" rating on the stock in a research note on Monday, February 26th. TD Securities dropped their price target on shares of TransAlta from C$15.00 to C$14.00 and set a "buy" rating on the stock in a research note on Monday, February 26th. BMO Capital Markets dropped their price target on shares of TransAlta from C$17.00 to C$16.00 and set an "outperform" rating on the stock in a research note on Monday, February 26th. Finally, National Bankshares dropped their price target on shares of TransAlta from C$14.00 to C$13.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$15.55.

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.