Talen Energy (TLN) to Release Quarterly Earnings on Thursday

Talen Energy (NASDAQ:TLN) is scheduled to release its earnings data before the market opens on Thursday, November 14th. Analysts expect Talen Energy to post earnings of $1.63 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Talen Energy (NASDAQ:TLN) last released its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.14) by $1.33. The business had revenue of $489.00 million during the quarter, compared to the consensus estimate of $437.50 million. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. On average, analysts expect Talen Energy to post $15 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Talen Energy Stock Performance

Shares of NASDAQ TLN opened at $208.79 on Wednesday. The company’s 50 day moving average price is $144.72 and its 200-day moving average price is $111.00. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.86 and a current ratio of 4.51. Talen Energy has a 52-week low of $52.01 and a 52-week high of $214.00.

Wall Street Analysts Forecast Growth

TLN has been the topic of several recent analyst reports. JPMorgan Chase & Co. began coverage on Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target on the stock. Guggenheim boosted their target price on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. UBS Group started coverage on shares of Talen Energy in a report on Wednesday, September 18th. They issued a “buy” rating and a $197.00 price target for the company. Oppenheimer upped their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Finally, Royal Bank of Canada began coverage on Talen Energy in a research note on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price for the company. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $205.33.

Talen Energy Company Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.