TransAlta (TAC) to Release Earnings on Friday

TransAlta (NYSE:TAC) (TSE:TA) is scheduled to be posting its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect TransAlta to post earnings of $0.10 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

TransAlta (NYSE:TAC) (TSE:TA) last released its earnings results on Friday, February 23rd. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). TransAlta had a net margin of 20.05% and a return on equity of 48.42%. The company had revenue of $624.00 million during the quarter, compared to analyst estimates of $305.79 million. During the same period in the prior year, the firm posted ($0.45) EPS. TransAlta’s revenue was down 26.9% compared to the same quarter last year. On average, analysts expect TransAlta to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TransAlta Stock Performance

Shares of NYSE TAC opened at $6.69 on Thursday. The stock has a market capitalization of $2.05 billion, a PE ratio of 3.65 and a beta of 0.83. TransAlta has a 52 week low of $5.94 and a 52 week high of $10.40. The stock has a 50 day moving average price of $6.55 and a 200 day moving average price of $7.34. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.82 and a current ratio of 0.91.

TransAlta Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 1st will be issued a $0.0438 dividend. This represents a $0.18 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, May 31st. This is an increase from TransAlta’s previous quarterly dividend of $0.04. TransAlta’s dividend payout ratio is presently 8.74%.

Analyst Ratings Changes

Separately, StockNews.com cut TransAlta from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th.

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.