Tc Pipelines (TRP) to Release Quarterly Earnings on Thursday

Tc Pipelines (TSE:TRP) (NYSE:TRP) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 1st. Analysts expect Tc Pipelines to post earnings of C$0.77 per share for the quarter.

Tc Pipelines (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, August 2nd. The company reported C$0.86 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.76 by C$0.10. The business had revenue of C$3.20 billion for the quarter, compared to the consensus estimate of C$2.90 billion. Tc Pipelines had a net margin of 4.06% and a return on equity of 1.10%.

Shares of TSE:TRP opened at C$49.70 on Wednesday. Tc Pipelines has a fifty-two week low of C$48.92 and a fifty-two week high of C$65.18.

A number of analysts recently weighed in on the stock. CIBC cut their price target on shares of Tc Pipelines from C$76.00 to C$73.00 in a research report on Wednesday, October 24th. BMO Capital Markets reiterated an “outperform” rating and issued a C$69.00 price target on shares of Tc Pipelines in a research report on Wednesday, October 3rd. Finally, TD Securities increased their price target on shares of Tc Pipelines from C$73.00 to C$74.00 in a research report on Friday, August 3rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$69.11.

In related news, Director Mary Catharine Davis sold 2,000 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of C$54.60, for a total value of C$109,200.00.

Tc Pipelines Company Profile

TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation and individual facilities, interconnecting pipelines, and other businesses.

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Earnings History for Tc Pipelines (TSE:TRP)

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