National Bank Financial Forecasts TransAlta Q4 Earnings

TransAlta Co. (TSE:TA) (NYSE:TAC) – Equities researchers at National Bank Financial issued their Q4 2024 earnings per share estimates for TransAlta in a report released on Tuesday, January 28th. National Bank Financial analyst P. Kenny anticipates that the company will earn $0.07 per share for the quarter.

TA has been the subject of several other reports. Royal Bank of Canada raised their target price on shares of TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. CIBC lowered shares of TransAlta from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from C$17.00 to C$23.00 in a research note on Wednesday, January 8th. TD Securities upped their target price on shares of TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Scotiabank cut TransAlta from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from C$19.00 to C$21.00 in a report on Thursday. Finally, BMO Capital Markets upped their price objective on TransAlta from C$17.00 to C$22.00 in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$18.71.

TransAlta Stock Down 0.1 %

Shares of TSE TA opened at C$16.71 on Friday. The firm’s 50-day simple moving average is C$18.64 and its 200 day simple moving average is C$14.69. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. TransAlta has a 12-month low of C$8.22 and a 12-month high of C$21.22. The company has a market cap of C$4.98 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93.

TransAlta (TSE:TA) (NYSE:TAC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C($0.12) earnings per share for the quarter, missing the consensus estimate of C$0.18 by C($0.30). TransAlta had a return on equity of 32.01% and a net margin of 19.50%. During the same quarter in the prior year, the firm earned $1.19 EPS.

Insider Buying and Selling

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock in a transaction on Thursday, November 28th. The stock was sold at an average price of C$15.49, for a total value of C$123,920.00. Also, Director John Harry Kousinioris sold 69,982 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$15.15, for a total value of C$1,060,227.30. In the last ninety days, insiders sold 204,763 shares of company stock valued at $3,478,670. Insiders own 0.21% of the company’s stock.

About TransAlta

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.