Q4 Earnings Forecast for TC Energy Issued By Zacks Research

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Equities researchers at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for TC Energy in a note issued to investors on Thursday, December 12th. Zacks Research analyst T. Saha now anticipates that the company will earn $0.85 per share for the quarter, down from their previous estimate 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 Q1 2025 earnings at $0.92 EPS, Q3 2025 earnings at $0.81 EPS and Q4 2025 earnings at $1.00 EPS.

A number of other research analysts also recently issued reports on the company. Morgan Joseph upgraded TC Energy from an "underweight" rating to an "overweight" rating and upped their price objective for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price target on shares of TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. Scotiabank lifted their price objective on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. UBS Group raised shares of TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 30th. Finally, Barclays raised their price target on shares of TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, TC Energy presently has a consensus rating of "Hold" and a consensus target price of C$69.77.

TC Energy Stock Down 0.7 %

Shares of TRP stock traded down C$0.48 on Monday, hitting C$65.63. The stock had a trading volume of 12,977,630 shares, compared to its average volume of 6,694,246. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The business has a 50 day moving average of C$66.24 and a 200 day moving average of C$60.52. TC Energy has a 12-month low of C$43.83 and a 12-month high of C$70.32. The stock has a market cap of C$68.26 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

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

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.113 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 annualized dividend and a yield of 6.78%. This is a positive change from TC Energy's previous quarterly dividend of $0.96. TC Energy's payout ratio is 116.01%.

Insider Activity

In other news, Director Mark Yeomans sold 6,764 shares of TC Energy stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$62.39, for a total value of C$422,031.66. Also, Senior Officer Dawn Elizabeth De Lima purchased 555 shares of TC Energy stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of C$62.82 per share, for a total transaction of C$34,865.66. In the last three months, insiders have sold 440,243 shares of company stock worth $29,476,491. 0.03% of the stock is currently owned by insiders.

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.