TC Energy (TRP) Projected to Post Quarterly Earnings on Thursday

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect TC Energy to post earnings of $0.73 per share and revenue of $2.57 billion for the quarter.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its earnings results on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.54. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the business posted $1.35 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 Price Performance

Shares of NYSE TRP opened at $48.92 on Thursday. The business has a 50 day simple moving average of $46.90 and a 200-day simple moving average of $47.08. TC Energy has a twelve month low of $35.38 and a twelve month high of $50.37. The company has a market capitalization of $50.84 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.85 per share. This is a positive change from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 31st. This represents a $3.40 annualized dividend and a yield of 6.95%. TC Energy's payout ratio is presently 72.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Citigroup started coverage on TC Energy in a report on Friday, April 4th. They set a "neutral" rating for the company. TD Securities assumed coverage on TC Energy in a research report on Wednesday, January 15th. They set a "buy" rating for the company. Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada boosted their price target on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, TC Energy has a consensus rating of "Moderate Buy" and an average price target of $62.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.