Q4 Earnings Estimate for TC Energy Issued By Zacks Research

TC Energy Co. (TSE:TRPFree Report) (NYSE:TRP) – Analysts at Zacks Research decreased their Q4 2024 earnings estimates for shares of TC Energy in a research note issued on Thursday, December 12th. Zacks Research analyst T. Saha now forecasts that the company will post earnings per share of $0.85 for the quarter, down from their prior forecast of $0.87. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. Zacks Research also issued estimates for TC Energy’s Q1 2025 earnings at $0.92 EPS, Q3 2025 earnings at $0.81 EPS and Q4 2025 earnings at $1.00 EPS.

TC Energy (TSE:TRPGet Free Report) (NYSE:TRP) last issued its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.06. The company had revenue of C$4.08 billion during the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%.

A number of other equities analysts have also recently issued reports on the stock. Scotiabank lifted their target price on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. Barclays upped their target price on TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. Morgan Joseph upgraded TC Energy from an “underweight” rating to an “overweight” rating and increased their target price for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. UBS Group raised TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Wells Fargo & Company increased their price objective on TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, TC Energy presently has a consensus rating of “Hold” and an average target price of C$69.77.

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TC Energy Trading Up 0.4 %

TSE:TRP opened at C$65.90 on Monday. TC Energy has a 52-week low of C$43.83 and a 52-week high of C$70.32. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The stock has a fifty day simple moving average of C$66.48 and a 200-day simple moving average of C$60.71. The company has a market capitalization of C$68.54 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

Insider Transactions at TC Energy

In other news, Director Richard Prior sold 18,068 shares of TC Energy stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$63.00, for a total value of C$1,138,284.00. Also, Director Mark Yeomans sold 6,764 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$62.39, for a total transaction of C$422,031.66. Over the last 90 days, insiders have sold 440,243 shares of company stock valued at $29,476,491. Insiders own 0.03% of the company’s stock.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a yield of 6.76%. This is an increase from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio is 116.01%.

TC Energy Company Profile

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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.

See Also

Earnings History and Estimates for TC Energy (TSE:TRP)

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