TransAlta Corporation (TAC) to Release Quarterly Earnings on Wednesday
TransAlta Corporation (NYSE:TAC) (TSE:TA) is scheduled to release its earnings data after the market closes on Wednesday, August 9th. Analysts expect TransAlta Corporation to post earnings of ($0.01) per share for the quarter.
Shares of TransAlta Corporation (NYSE:TAC) opened at 6.50 on Tuesday. TransAlta Corporation has a 12-month low of $3.75 and a 12-month high of $6.60. The company has a 50 day moving average of $6.22 and a 200-day moving average of $5.73. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 42.76 and a beta of 0.71.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 1st will be paid a dividend of $0.0314 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.13 annualized dividend and a yield of 1.93%. This is a positive change from TransAlta Corporation’s previous quarterly dividend of $0.03. TransAlta Corporation’s payout ratio is presently 80.01%.
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Several equities research analysts recently commented on TAC shares. Zacks Investment Research raised shares of TransAlta Corporation from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective on the stock in a research note on Saturday, April 15th. TheStreet lowered shares of TransAlta Corporation from a “c” rating to a “d+” rating in a research note on Friday, May 5th. Finally, BidaskClub raised shares of TransAlta Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $6.83.
About TransAlta Corporation
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.
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