TransAlta Co. to Post Q1 2019 Earnings of ($0.05) Per Share, National Bank Financial Forecasts (TSE:TA)

TransAlta Co. (TSE:TA) (NYSE:TAC) – Research analysts at National Bank Financial issued their Q1 2019 earnings estimates for TransAlta in a report released on Wednesday, April 24th, Zacks Investment Research reports. National Bank Financial analyst P. Kenny forecasts that the company will earn ($0.05) per share for the quarter. National Bank Financial has a “Sector Perform” rating and a $11.00 price target on the stock.

A number of other research analysts have also commented on the company. TD Securities raised TransAlta from a “hold” rating to a “buy” rating and raised their price target for the company from C$8.50 to C$12.00 in a report on Tuesday, March 26th. CIBC raised their price target on TransAlta from C$8.00 to C$9.00 in a report on Thursday, February 28th. BMO Capital Markets lifted their target price on TransAlta from C$8.00 to C$9.00 in a report on Thursday, February 28th. Royal Bank of Canada lifted their target price on TransAlta from C$9.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 26th. Finally, CSFB raised TransAlta from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from C$7.00 to C$10.00 in a report on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. TransAlta presently has a consensus rating of “Hold” and an average target price of C$10.67.

TSE TA traded down C$0.02 during trading hours on Friday, hitting C$8.80. The company had a trading volume of 443,500 shares, compared to its average volume of 738,888. TransAlta has a fifty-two week low of C$5.44 and a fifty-two week high of C$10.14. The company has a debt-to-equity ratio of 79.03, a current ratio of 1.50 and a quick ratio of 0.82. The firm has a market capitalization of $2.50 billion and a PE ratio of -10.19.

TransAlta (TSE:TA) (NYSE:TAC) last issued its earnings results on Wednesday, February 27th. The company reported C($0.43) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.10 by C($0.53). The business had revenue of C$622.00 million during the quarter.

In related news, Director Dawn Lorraine Farrell purchased 12,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average price of C$10.01 per share, for a total transaction of C$121,121.00. Following the transaction, the director now directly owns 108,314 shares of the company’s stock, valued at approximately C$1,084,223.14.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a $0.04 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.82%. TransAlta’s dividend payout ratio (DPR) is -18.52%.

About TransAlta

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind.

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