What is Zacks Research's Forecast for TC Energy Q2 Earnings?

Key Points

• Zacks Research has revised down its Q2 2027 EPS estimate for TC Energy to $0.86 per share, slightly below the previous forecast of $0.87.
• TC Energy announced a quarterly dividend of $0.85, set to be paid on October 31st, reflecting an annualized yield of 4.7%.
• Insider trading activity shows significant selling, with directors reducing their ownership by 32.21% and 76.92% respectively in August.

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Equities researchers at Zacks Research cut their Q2 2027 EPS estimates for shares of TC Energy in a research note issued to investors on Tuesday, September 9th. Zacks Research analyst Team now forecasts that the company will earn $0.86 per share for the quarter, down from their previous forecast of $0.87. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share. Zacks Research also issued estimates for TC Energy's FY2027 earnings at $3.43 EPS.

TRP has been the subject of several other research reports. Jefferies Financial Group cut their price target on TC Energy from C$71.00 to C$68.00 in a report on Wednesday, July 23rd. National Bankshares boosted their price objective on TC Energy from C$75.00 to C$76.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Citigroup set a C$75.00 target price on shares of TC Energy and gave the stock a "neutral" rating in a research note on Friday, September 5th. US Capital Advisors downgraded shares of TC Energy from a "moderate buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Barclays upped their price target on shares of TC Energy from C$74.00 to C$75.00 in a research report on Thursday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$74.46.

TC Energy Stock Performance

Shares of TRP stock traded down C$0.45 during mid-day trading on Wednesday, reaching C$72.00. 380,493 shares of the company's stock traded hands, compared to its average volume of 5,930,599. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. The firm has a market capitalization of C$74.85 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. TC Energy has a 12 month low of C$55.30 and a 12 month high of C$72.69. The firm has a 50 day moving average price of C$68.40 and a two-hundred day moving average price of C$67.95.

Insider Activity at TC Energy

In related news, Director Francois Lionel Poirier sold 53,946 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of C$70.49, for a total value of C$3,802,669.72. Following the sale, the director owned 113,550 shares in the company, valued at approximately C$8,004,173.57. The trade was a 32.21% decrease in their ownership of the stock. Also, Director Siim A. Vanaselja sold 40,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of C$70.07, for a total transaction of C$2,802,640.00. Following the transaction, the director owned 12,000 shares of the company's stock, valued at C$840,792. This trade represents a 76.92% decrease in their position. 0.03% of the stock is owned by corporate insiders.

TC Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 29th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.7%. TC Energy's dividend payout ratio (DPR) is 85.36%.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system.