Earnings results for TransAlta (NYSE:TAC)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has decreased over the past week from 0.03 to -0.04(233.33%) and decreased over the past month from 999 to -0.04(100.00%). none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 0.23 and increased over the past month from 0.09 to 0.23(155.56%). none raised and none lowered their forecast.
TransAlta last announced its earnings results on May 12th, 2020. The utilities provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.02. The business earned $813.52 million during the quarter. TransAlta has generated ($0.09) earnings per share over the last year and currently has a price-to-earnings ratio of 14.2. TransAlta has confirmed that its next quarterly earnings report will be published on Friday, July 31st, 2020. TransAlta will be holding an earnings conference call on Friday, July 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
Analyst Opinion on TransAlta (NYSE:TAC)
7 Wall Street analysts have issued ratings and price targets for TransAlta in the last 12 months. Their average twelve-month price target is $10.08, suggesting that the stock has a possible upside of 58.05%. The high price target for TAC is $11.00 and the low price target for TAC is $8.50. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of “Buy.”
TransAlta has received a consensus rating of Buy. The company’s average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $10.08, TransAlta has a potential upside of 58.0% from its current price of $6.38. TransAlta has only been the subject of 3 research reports in the past 90 days.
Dividend Strength: TransAlta (NYSE:TAC)
TransAlta pays a meaningful dividend of 1.90%, higher than the bottom 25% of all stocks that pay dividends. TransAlta has only been increasing its dividend for 1 years. Based on earnings estimates, TransAlta will have a dividend payout ratio of 44.44% next year. This indicates that TransAlta will be able to sustain or increase its dividend.
Insiders buying/selling: TransAlta (NYSE:TAC)
In the past three months, TransAlta insiders have not sold or bought any company stock. 61.13% of the stock of TransAlta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of TransAlta (NYSE:TAC
Earnings for TransAlta are expected to grow by 17.39% in the coming year, from $0.23 to $0.27 per share. The P/E ratio of TransAlta is 14.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.93. The P/E ratio of TransAlta is 14.18, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 32.49. TransAlta has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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