FY2024 EPS Estimates for TC Energy Raised by Zacks Research

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Zacks Research raised their FY2024 earnings per share (EPS) estimates for shares of TC Energy in a research note issued to investors on Wednesday, February 5th. Zacks Research analyst T. Saha now forecasts that the company will post earnings per share of $4.09 for the year, up from their previous estimate of $4.06. 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 Q4 2024 earnings at $0.88 EPS, Q4 2025 earnings at $1.01 EPS and Q4 2026 earnings at $1.05 EPS.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last issued its earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating the consensus estimate of C$0.97 by C$0.06. The company had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%.

Several other research firms have also weighed in on TRP. BMO Capital Markets lifted their target price on shares of TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Barclays lifted their price target on TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. National Bankshares increased their price objective on shares of TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Finally, ATB Capital increased their price target on shares of TC Energy from C$64.00 to C$65.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$73.00.

TC Energy Price Performance

TRP stock traded up C$0.70 during trading on Friday, hitting C$67.65. 795,823 shares of the stock traded hands, compared to its average volume of 4,645,438. The stock has a market cap of C$70.36 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy has a one year low of C$43.83 and a one year high of C$70.32. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The company has a 50 day simple moving average of C$67.07 and a 200 day simple moving average of C$64.45.

Insider Activity at TC Energy

In related news, Director Alexander (Alex) Oehler acquired 6,540 shares of TC Energy stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of C$66.05 per share, with a total value of C$431,947.64. Also, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total transaction of C$17,785,898.39. Over the last quarter, insiders have sold 404,835 shares of company stock valued at $27,159,988. 0.03% of the stock is owned by insiders.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.