TransAlta (TAC) Expected to Post Quarterly Earnings on Friday

TransAlta (NYSE:TAC) (TSE:TA) will likely be issuing its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect the company to post earnings of $0.11 per share and revenue of $379.5410 million for the quarter. Investors are encouraged to explore the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Friday, July 31, 2026 at 11:00 AM ET.

TransAlta (NYSE:TAC) (TSE:TA) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. TransAlta had a negative net margin of 9.46% and a positive return on equity of 9.52%. The business had revenue of $406.19 million during the quarter, compared to the consensus estimate of $436.36 million. On average, analysts expect TransAlta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TransAlta Price Performance

TransAlta stock opened at $12.76 on Wednesday. TransAlta has a 12 month low of $11.38 and a 12 month high of $17.88. The stock’s 50 day moving average is $13.65 and its 200-day moving average is $13.18. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 6.61. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of -23.64 and a beta of 0.69.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TAC shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of TransAlta in a research note on Friday, July 17th. Weiss Ratings raised TransAlta from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 16th. BMO Capital Markets started coverage on TransAlta in a research report on Wednesday, June 10th. They set an “outperform” rating for the company. Scotiabank upgraded TransAlta to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, TD Cowen initiated coverage on TransAlta in a research note on Wednesday, June 10th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, TransAlta has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Institutional Investors Weigh In On TransAlta

A number of hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of TransAlta during the fourth quarter worth approximately $37,000. Ritter Alpha LP acquired a new position in TransAlta during the fourth quarter worth $131,000. Virtu Financial LLC bought a new position in shares of TransAlta in the fourth quarter valued at $147,000. Orion Porfolio Solutions LLC bought a new position in shares of TransAlta in the second quarter valued at $159,000. Finally, Public Sector Pension Investment Board acquired a new position in shares of TransAlta during the fourth quarter valued at about $194,000. 59.00% of the stock is currently owned by institutional investors.

About TransAlta

TransAlta Corporation, originally founded in 1909 as Calgary Power Company Ltd., is a publicly traded energy company specializing in the development, ownership and operation of power generation and transmission assets. Headquartered in Calgary, Alberta, TransAlta has grown from its early hydroelectric roots into a diversified energy provider with a multi-fuel generating fleet.

The company’s core business activities encompass power generation, asset management and energy trading services.