TC Energy (TRP) Set to Announce Earnings on Thursday

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings data on Thursday, August 1st. The pipeline company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.29. TC Energy had a return on equity of 16.97% and a net margin of 21.31%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. On average, analysts expect TC Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TC Energy Trading Up 0.1 %

Shares of NYSE TRP traded up $0.04 during mid-day trading on Thursday, hitting $46.51. 1,207,733 shares of the company traded hands, compared to its average volume of 3,150,823. The company has a quick ratio of 0.68, a current ratio of 0.76 and a debt-to-equity ratio of 1.57. TC Energy has a 1 year low of $31.04 and a 1 year high of $48.25. The stock has a market capitalization of $48.27 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 3.91 and a beta of 0.81. The business has a 50 day moving average of $46.32 and a two-hundred day moving average of $41.73.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group raised TC Energy from a "neutral" rating to a "buy" rating in a research note on Monday, September 30th. JPMorgan Chase & Co. upgraded TC Energy from a "neutral" rating to an "overweight" rating in a report on Monday, October 14th. The Goldman Sachs Group upped their target price on TC Energy from $38.00 to $42.00 and gave the stock a "sell" rating in a research report on Monday, October 21st. Barclays upgraded TC Energy from an "equal weight" rating to an "overweight" rating in a report on Wednesday, July 17th. Finally, Morgan Stanley upgraded shares of TC Energy from an "underweight" rating to an "overweight" rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $48.50.

TC Energy Company Profile

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.