TC Energy Co. (TSE:TRP) to post earnings of $0.97 per share in Q4 2024, Zacks Research estimates

TC Energy Co. (TSE:TRP – Free Report ) (NYSE:TRP) – Research analysts at Zacks Research upped 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 prior estimate 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 – Get Your Free Report ) (NYSE:TRP) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.78 billion.

TRP has been the subject of several other reports. National Bankshares raised their price objective on shares of TC Energy from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. ATB Capital upped their target price on shares of TC Energy from $56.00 to $60.00 and gave the company a “sector perform” rating in a research report on Tuesday. Jefferies Financial Group boosted their price target on TC Energy from $52.00 to $57.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Scotiabank decreased their price objective on TC Energy from $68.00 to $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 $57.00 to $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 currently has a consensus rating of “Moderate Buy” and an average target price of $58.69.

Get the latest stock report on TC Energy

TC Energy Price Performance

TRP opened at $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 company has a fifty day moving average of $59.08 and a 200 day moving average of $54.79. TC Energy has a 52 week low of $44.70 and a 52 week high of $64.28. The stock has a market cap of $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 company 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 27. This represents an annualized dividend of $3.84 and a dividend yield of 6.07%. TC Energy’s dividend payout ratio is currently 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 $44.00, for a total value of $132,000.00. In related news, Director Kevin B. Engel sold 546 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $53.53, for a total transaction of $29,227.38. Also, Director Richard Prior sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $44.00, for a total transaction of $132,000.00. Over the last ninety days, insiders have sold 65,152 shares of company stock worth $3,945,326. 0.04% of shares are currently held by company insiders.

About TC Energy

(Get a free report)

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian natural gas pipelines; US natural gas pipelines; Mexico Natural gas pipelines; Liquid pipes; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines that transport natural gas from supply basins to local distribution companies, power plants, industrial facilities, interconnectors, LNG export terminals and other businesses.

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