National Bank Financial Analysts Lower Earnings Estimates for TransCanada Co. (TRP)
TransCanada Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at National Bank Financial dropped their FY2017 earnings per share estimates for shares of TransCanada in a research report issued to clients and investors on Thursday. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $2.80 for the year, down from their previous estimate of $2.86. National Bank Financial also issued estimates for TransCanada’s FY2018 earnings at $3.15 EPS.
Several other research firms also recently commented on TRP. TD Securities upped their target price on TransCanada from C$77.00 to C$79.00 and gave the company a “buy” rating in a research report on Monday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$73.00 target price on shares of TransCanada in a research report on Monday, July 31st. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$72.00.
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TransCanada (TSE:TRP) opened at C$63.16 on Monday. TransCanada has a 12-month low of C$58.12 and a 12-month high of C$65.24.
In related news, Director Mark Yeomans sold 1,400 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of C$62.65, for a total value of C$87,710.00. Also, Director Geoff Murray sold 6,027 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of C$63.33, for a total value of C$381,689.91. Over the last quarter, insiders sold 8,527 shares of company stock valued at $538,229.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, December 28th. TransCanada’s dividend payout ratio (DPR) is currently 120.79%.
TransCanada Company Profile
TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.
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