TransAlta (TAC) to Release Quarterly Earnings on Friday

TransAlta (NYSE:TAC) (TSE:TA) will be issuing its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

TransAlta (NYSE:TAC) (TSE:TA) last released its earnings results on Friday, February 23rd. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). The firm had revenue of $624.00 million for the quarter, compared to analyst estimates of $305.79 million. TransAlta had a net margin of 20.05% and a return on equity of 48.42%. The business’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.45) EPS. On average, analysts expect TransAlta to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TransAlta Stock Performance

Shares of TAC stock opened at $6.64 on Wednesday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 3.63 and a beta of 0.83. TransAlta has a 52 week low of $5.94 and a 52 week high of $10.40. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 4.06. The firm has a 50 day moving average of $6.55 and a 200-day moving average of $7.35.

TransAlta Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 1st will be given a dividend of $0.0438 per share. This is an increase from TransAlta’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, May 31st. This represents a $0.18 annualized dividend and a dividend yield of 2.64%. TransAlta’s dividend payout ratio (DPR) is 8.74%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of TransAlta from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 12th.

TransAlta Company Profile

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.