Equities research analysts expect TransAlta Co. (NYSE:TAC) (TSE:TA) to post earnings per share of $0.12 for the current quarter, according to Zacks. Zero analysts have made estimates for TransAlta’s earnings. TransAlta reported earnings per share of $0.09 in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The company is expected to issue its next quarterly earnings results on Wednesday, March 3rd.

On average, analysts expect that TransAlta will report full year earnings of ($0.31) per share for the current fiscal year, with EPS estimates ranging from ($0.43) to ($0.18). For the next financial year, analysts anticipate that the business will report earnings of $0.24 per share, with EPS estimates ranging from $0.15 to $0.33. Zacks’ EPS averages are an average based on a survey of research analysts that cover TransAlta.

TransAlta (NYSE:TAC) (TSE:TA) last posted its quarterly earnings results on Wednesday, November 4th. The utilities provider reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.35). The business had revenue of $385.78 million for the quarter. TransAlta had a negative return on equity of 0.58% and a net margin of 4.74%.

Several brokerages have recently commented on TAC. BMO Capital Markets raised their target price on TransAlta from $8.00 to $10.00 and gave the company a “market perform” rating in a research note on Monday, December 7th. CIBC upgraded shares of TransAlta from a “neutral” rating to an “outperform” rating in a report on Wednesday. ValuEngine raised TransAlta from a “hold” rating to a “buy” rating in a report on Friday, November 6th. BidaskClub upgraded shares of TransAlta from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 9th. Finally, Credit Suisse Group increased their price objective on shares of TransAlta from $12.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, December 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TransAlta presently has a consensus rating of “Buy” and an average target price of $10.46.

NYSE:TAC opened at $8.66 on Thursday. TransAlta has a 12 month low of $3.63 and a 12 month high of $8.85. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 29.69 and a beta of 1.11. The firm has a fifty day simple moving average of $7.36 and a two-hundred day simple moving average of $6.56.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 1st. Shareholders of record on Monday, March 1st will be paid a $0.035 dividend. The ex-dividend date is Friday, February 26th. This represents a $0.14 annualized dividend and a yield of 1.62%. This is an increase from TransAlta’s previous quarterly dividend of $0.03. TransAlta’s dividend payout ratio (DPR) is currently -144.44%.

Several institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank increased its holdings in TransAlta by 1.5% during the 3rd quarter. Toronto Dominion Bank now owns 3,832,557 shares of the utilities provider’s stock worth $23,573,000 after acquiring an additional 56,753 shares during the period. Point72 Asset Management L.P. bought a new stake in TransAlta during the third quarter valued at $9,770,000. Scotia Capital Inc. grew its position in TransAlta by 6.3% during the third quarter. Scotia Capital Inc. now owns 1,299,350 shares of the utilities provider’s stock worth $7,991,000 after buying an additional 77,037 shares in the last quarter. Polar Asset Management Partners Inc. raised its holdings in shares of TransAlta by 269.6% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 554,400 shares of the utilities provider’s stock valued at $3,410,000 after acquiring an additional 404,400 shares in the last quarter. Finally, State Street Corp boosted its position in shares of TransAlta by 5.6% during the 3rd quarter. State Street Corp now owns 443,068 shares of the utilities provider’s stock valued at $2,739,000 after acquiring an additional 23,484 shares during the last quarter. 57.56% of the stock is currently owned by hedge funds and other institutional investors.

About TransAlta

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, and Energy Marketing segments. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind.

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