TC Energy Co. (TSE:TRP) to Post Q4 2024 Earnings of $0.97 Per Share, Zacks Research Forecasts

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for shares of TC Energy in a report issued on Tuesday, September 10th. Zacks Research analyst T. Saha now expects that the company will earn $0.97 per share for the quarter, up from their previous forecast of $0.96. The consensus estimate for TC Energy’s current full-year earnings is $4.46 per share. Zacks Research also issued estimates for TC Energy’s Q4 2025 earnings at $0.92 EPS, Q1 2026 earnings at $1.15 EPS, Q2 2026 earnings at $1.07 EPS and FY2026 earnings at $4.36 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The business had revenue of C$4.09 billion during the quarter, compared to analysts’ expectations of C$3.78 billion.

TRP has been the topic of several other reports. National Bankshares lifted their price objective on shares of TC Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. ATB Capital increased their target price on shares of TC Energy from C$56.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Tuesday. Jefferies Financial Group upped their price target on TC Energy from C$52.00 to C$57.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Scotiabank lowered their price objective on TC Energy from C$68.00 to C$62.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, BMO Capital Markets upped their target price on TC Energy from C$57.00 to C$65.00 in a research report on Thursday, September 5th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$58.69.

TC Energy Price Performance

TRP opened at C$63.27 on Thursday. 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 business has a fifty day moving average of C$59.08 and a 200 day moving average of C$54.79. TC Energy has a 52-week low of C$44.70 and a 52-week high of C$64.28. The stock has a market cap of C$65.80 billion, a P/E ratio of 19.11, a PEG ratio of 0.26 and a beta of 0.82.

TC Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be paid a dividend of $0.96 per share. The ex-dividend date is Friday, September 27th. This represents a $3.84 annualized dividend and a dividend yield of 6.07%. TC Energy’s dividend payout ratio is presently 116.01%.

Insider Buying and Selling

In other news, Director Richard Prior sold 3,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of C$44.00, for a total value of C$132,000.00. In related news, Director Kevin B. Engel sold 546 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$53.53, for a total transaction of C$29,227.38. Also, Director Richard Prior sold 3,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$44.00, for a total transaction of C$132,000.00. In the last ninety days, insiders have sold 65,152 shares of company stock valued at $3,945,326. 0.04% of the stock is currently owned by company 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.