TC Energy (TRP) to Release Earnings on Friday

TC Energy (NYSE:TRP) (TSE:TRP) is set to post 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 registering for the company’s earnings conference call can do so using this link.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its earnings results on Friday, February 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.20. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.93 billion. TC Energy had a net margin of 18.25% and a return on equity of 18.60%. 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 stock opened at $35.91 on Thursday. The company’s 50-day moving average price is $38.95 and its 200-day moving average price is $38.04. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of 1.65. The stock 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 has a twelve month low of $32.51 and a twelve month high of $42.49.

TC Energy Increases Dividend

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

Analyst Upgrades and Downgrades

TRP has been the topic of several recent research reports. Stifel Nicolaus initiated coverage on shares of TC Energy in a research report on Thursday, January 18th. They set a “buy” rating on the stock. Barclays upped their target price on shares of TC Energy from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. TheStreet raised shares of TC Energy from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. Jefferies Financial Group started coverage on shares of TC Energy in a research report on Tuesday, February 27th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group upped their target price on shares of TC Energy from $29.00 to $32.00 and gave the company a “sell” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently 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.