TC Energy FY2024 EPS Estimate Cut by US Capital Advisors

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Analysts at US Capital Advisors decreased their FY2024 earnings per share estimates for TC Energy in a research report issued on Monday, October 28th. US Capital Advisors analyst J. Carreker now expects that the company will earn $4.04 per share for the year, down from their prior forecast of $4.12. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. US Capital Advisors also issued estimates for TC Energy’s Q4 2024 earnings at $0.88 EPS.

TRP has been the subject of a number of other research reports. JPMorgan Chase & Co. dropped their price objective on shares of TC Energy from C$66.00 to C$60.00 and set a “neutral” rating for the company in a report on Tuesday, October 8th. Royal Bank of Canada boosted their price target on shares of TC Energy from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. National Bankshares cut their price objective on TC Energy from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. CIBC decreased their target price on TC Energy from C$62.00 to C$57.00 and set a “negative” rating for the company in a report on Wednesday, October 2nd. Finally, Veritas upgraded TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, TC Energy presently has a consensus rating of “Hold” and an average price target of C$61.92.

TC Energy Stock Performance

TSE TRP opened at C$64.59 on Tuesday. The company has a market cap of C$67.17 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy has a 1-year low of C$43.05 and a 1-year high of C$66.70. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The stock has a 50-day moving average of C$62.98 and a two-hundred day moving average of C$56.84.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.89 by C$0.05. The firm had revenue of C$4.09 billion for the quarter, compared to analyst estimates of C$3.78 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%.

Insider Buying and Selling

In related news, Senior Officer Dawn Elizabeth De Lima purchased 545 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were bought at an average cost of C$63.06 per share, for a total transaction of C$34,367.70. In related news, Senior Officer Dawn Elizabeth De Lima acquired 545 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was bought at an average price of C$63.06 per share, for a total transaction of C$34,367.70. Also, Director Colin Lindley sold 2,773 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$59.42, for a total value of C$164,761.40. Following the completion of the sale, the director now directly owns 697 shares of the company’s stock, valued at C$41,413.16. The trade was a 0.00 % decrease in their ownership of the stock. Insiders sold a total of 95,479 shares of company stock worth $5,860,018 over the last 90 days. 0.03% of the stock is owned by insiders.

About TC Energy

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.