TransAlta (NYSE:TAC - Get Free Report) TSE: TA is scheduled to release its earnings data before the market opens on Tuesday, November 5th. Analysts expect TransAlta to post earnings of $0.21 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.
TransAlta (NYSE:TAC - Get Free Report) TSE: TA last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.05 by $0.08. TransAlta had a net margin of 18.41% and a return on equity of 47.71%. The business had revenue of $425.37 million for the quarter. During the same quarter in the prior year, the business earned $0.17 earnings per share. On average, analysts expect TransAlta to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
TransAlta Trading Down 1.2 %
TransAlta stock traded down $0.12 during mid-day trading on Tuesday, hitting $10.09. 628,821 shares of the stock were exchanged, compared to its average volume of 744,012. The company has a quick ratio of 0.75, a current ratio of 0.84 and a debt-to-equity ratio of 3.43. TransAlta has a 12 month low of $5.94 and a 12 month high of $10.73. The firm's fifty day simple moving average is $9.69 and its two-hundred day simple moving average is $8.06. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 6.68 and a beta of 0.92.
TransAlta Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be issued a dividend of $0.044 per share. The ex-dividend date is Friday, November 29th. This represents a $0.18 annualized dividend and a yield of 1.75%. TransAlta's payout ratio is 11.26%.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of TransAlta from a "strong-buy" rating to a "buy" rating in a report on Wednesday, September 25th.
Read Our Latest Stock Analysis on TAC
About TransAlta
(
Get Free Report)
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.
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