TC Pipelines (NYSE:TCP) posted its earnings results on Thursday. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03, Fidelity Earnings reports. TC Pipelines had a positive return on equity of 35.63% and a negative net margin of 38.56%. The business had revenue of $93.00 million during the quarter.
Shares of TCP traded down $0.59 during mid-day trading on Friday, hitting $39.48. 286,074 shares of the company’s stock were exchanged, compared to its average volume of 205,947. The company has a market cap of $2.85 billion, a PE ratio of 9.44, a P/E/G ratio of 5.60 and a beta of 0.71. TC Pipelines has a 52 week low of $26.88 and a 52 week high of $42.11. The company has a 50-day simple moving average of $39.50 and a 200 day simple moving average of $38.20. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.63 and a quick ratio of 0.56.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 1st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.60 dividend on an annualized basis and a yield of 6.59%. TC Pipelines’s payout ratio is 62.20%.
TC Pipelines Company Profile
TC Pipelines LP engages in nautral gas pipelines business. It transports natural gas in Western, Midwestern and Eastern United States. The firm is managed by its general partner TC Pipelines GP, Inc, which is an indirect, wholly-owned subsidiary of TransCanada. The company was founded in 1998 and is headquartered in Houston, TX.
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