TC Energy (TRP) Set to Announce Earnings on Friday

TC Energy (NYSE:TRP) (TSE:TRP) is scheduled to be posting its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect TC Energy to post earnings of $0.85 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Friday, February 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.20. TC Energy had a return on equity of 18.60% and a net margin of 18.25%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.93 billion. 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 Down 0.3 %

Shares of TRP opened at $35.91 on Thursday. The stock has a fifty day moving average price of $38.95 and a two-hundred day moving average price of $38.04. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.88 and a current ratio of 0.96. TC Energy has a 52-week low of $32.51 and a 52-week high of $42.49. The company has a market cap of $35.91 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 3.02 and a beta of 0.75.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.714 dividend. This is a boost from TC Energy’s previous quarterly dividend of $0.67. This represents a $2.86 annualized dividend and a dividend yield of 7.95%. The ex-dividend date is Wednesday, March 27th. TC Energy’s dividend payout ratio (DPR) is 139.41%.

Analysts Set New Price Targets

TRP has been the subject of several research reports. Stifel Nicolaus began coverage on TC Energy in a research note on Thursday, January 18th. They issued a “buy” rating for the company. Barclays raised their price target on TC Energy from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. TheStreet upgraded TC Energy from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group increased their target price on TC Energy from $29.00 to $32.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. Finally, Jefferies Financial Group began coverage on shares of TC Energy in a report on Tuesday, February 27th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $48.83.

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.