Brokers Issue Forecasts for TransAlta Q4 Earnings

TransAlta Co. (TSE:TA - Free Report) NYSE: TAC - Stock analysts at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of TransAlta in a research report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny forecasts that the company will post earnings per share of $0.07 for the quarter.

TransAlta (TSE:TA - Get Free Report) NYSE: TAC last posted its earnings results on Tuesday, November 5th. The company reported C($0.12) earnings per share for the quarter, missing the consensus estimate of C$0.18 by C($0.30). TransAlta had a net margin of 19.50% and a return on equity of 32.01%. During the same quarter last year, the company posted $1.19 earnings per share.

Several other research firms have also recently commented on TA. Cibc World Mkts cut shares of TransAlta from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Royal Bank of Canada increased their target price on TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. Desjardins upped their price objective on TransAlta from C$15.50 to C$16.00 and gave the stock a "hold" rating in a research report on Wednesday, December 18th. Scotiabank lowered TransAlta from an "outperform" rating to a "sector perform" rating and raised their target price for the stock from C$19.00 to C$21.00 in a research report on Thursday, January 30th. Finally, CIBC downgraded TransAlta from an "outperform" rating to a "neutral" rating and upped their price target for the company from C$17.00 to C$23.00 in a report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$18.71.

TransAlta Trading Down 1.9 %

TSE TA traded down C$0.30 during trading on Friday, hitting C$15.85. The stock had a trading volume of 542,340 shares, compared to its average volume of 2,356,707. TransAlta has a twelve month low of C$8.22 and a twelve month high of C$21.22. The firm has a 50 day moving average price of C$18.64 and a 200 day moving average price of C$14.73. The company has a market capitalization of C$4.72 billion, a PE ratio of 8.34, a PEG ratio of -0.07 and a beta of 0.93. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87.

Insiders Place Their Bets

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$15.11, for a total transaction of C$377,750.00. Also, Director John Harry Kousinioris sold 35,179 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$20.73, for a total transaction of C$729,260.67. Over the last quarter, insiders sold 204,763 shares of company stock worth $3,478,670. Insiders own 0.21% of the company's stock.

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.