National Bank Financial Comments on TransAlta Co.’s Q1 2024 Earnings (TSE:TA)

TransAlta Co. (TSE:TA) (NYSE:TAC) – Research analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for TransAlta in a report released on Tuesday, April 23rd. National Bank Financial analyst P. Kenny expects that the company will post earnings of $0.16 per share for the quarter. The consensus estimate for TransAlta’s current full-year earnings is $0.47 per share.

A number of other analysts have also recently weighed in on TA. Royal Bank of Canada reduced their price objective on shares of TransAlta from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. National Bankshares lowered their price target on TransAlta from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 30th. BMO Capital Markets cut their target price on TransAlta from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. CIBC decreased their price target on TransAlta from C$18.50 to C$16.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Finally, TD Securities dropped their price objective on shares of TransAlta from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Monday, February 26th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, TransAlta currently has a consensus rating of “Buy” and an average target price of C$15.55.

TransAlta Stock Up 2.6 %

TA stock opened at C$9.32 on Thursday. The firm has a market capitalization of C$2.87 billion, a P/E ratio of 4.00, a P/E/G ratio of -0.07 and a beta of 0.89. The company’s 50 day simple moving average is C$8.92 and its 200-day simple moving average is C$10.04. The company has a debt-to-equity ratio of 253.18, a current ratio of 0.91 and a quick ratio of 0.62. TransAlta has a 52-week low of C$8.22 and a 52-week high of C$13.97.

TransAlta (TSE:TA) (NYSE:TAC) last issued its earnings results on Friday, February 23rd. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate of C$0.18 by C($0.45). TransAlta had a return on equity of 43.58% and a net margin of 20.71%. The company had revenue of C$624.00 million during the quarter.

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.