TC Energy Co. (TSE:TRP – Free Report) (NYSE:TRP) – Equities researchers at Zacks Research raised their Q2 2024 earnings estimates for shares of TC Energy in a report issued on Tuesday, July 23rd. Zacks Research analyst T. Saha now forecasts that the company will post earnings per share of $0.83 for the quarter, up from their previous forecast of $0.79. The consensus estimate for TC Energy’s current full-year earnings is $4.19 per share. Zacks Research also issued estimates for TC Energy’s Q4 2024 earnings at $1.02 EPS, FY2024 earnings at $3.87 EPS, Q1 2025 earnings at $1.06 EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $3.93 EPS and Q1 2026 earnings at $1.09 EPS.
TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last issued its quarterly earnings results on Friday, May 3rd. The company reported C$1.24 EPS for the quarter, topping the consensus estimate of C$1.14 by C$0.10. TC Energy had a net margin of 17.31% and a return on equity of 8.37%. The firm had revenue of C$4.24 billion for the quarter, compared to analysts’ expectations of C$4.26 billion.
Get Our Latest Stock Analysis on TRP
TC Energy Price Performance
Shares of TRP opened at C$58.04 on Thursday. The firm has a market cap of C$60.36 billion, a PE ratio of 22.32, a PEG ratio of 0.26 and a beta of 0.74. The firm’s 50 day moving average price is C$53.39 and its 200 day moving average price is C$52.75. The company has a debt-to-equity ratio of 163.01, a quick ratio of 0.40 and a current ratio of 0.94. TC Energy has a twelve month low of C$43.70 and a twelve month high of C$58.05.
TC Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date of this dividend is Friday, June 28th. TC Energy’s payout ratio is 147.69%.
Insider Buying and Selling
In other news, Director Richard Prior sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$40.00, for a total value of C$200,000.00. In other TC Energy news, Director Richard Prior sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$40.00, for a total value of C$200,000.00. Also, Director Kevin B. Engel sold 546 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$53.53, for a total transaction of C$29,227.38. Over the last 90 days, insiders sold 6,876 shares of company stock worth $299,917. Insiders own 0.04% of the company’s stock.
TC Energy Company Profile
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.
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