FY2024 EPS Estimates for TC Energy Co. (TSE:TRP) Cut by Zacks Research

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for TC Energy in a report issued on Wednesday, April 24th. Zacks Research analyst T. Saha now anticipates that the company will post earnings of $4.37 per share for the year, down from their previous forecast of $4.40. The consensus estimate for TC Energy’s current full-year earnings is $4.18 per share. Zacks Research also issued estimates for TC Energy’s Q2 2025 earnings at $1.62 EPS.

Several other equities analysts have also commented on TRP. Royal Bank of Canada lowered their target price on TC Energy from C$54.00 to C$49.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. JPMorgan Chase & Co. upped their target price on TC Energy from C$58.00 to C$59.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. TD Securities increased their price objective on TC Energy from C$50.00 to C$51.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. Stifel Nicolaus set a C$61.00 price objective on TC Energy and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Barclays increased their price objective on TC Energy from C$53.00 to C$55.00 in a report on Monday, January 29th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, TC Energy currently has an average rating of “Hold” and an average target price of C$54.44.

TC Energy Stock Up 0.3 %

TSE:TRP opened at C$49.33 on Friday. The firm has a market capitalization of C$51.30 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.26 and a beta of 0.73. The stock has a 50 day moving average of C$52.83 and a 200-day moving average of C$51.53. TC Energy has a 52 week low of C$43.70 and a 52 week high of C$56.98. The company has a current ratio of 0.96, a quick ratio of 0.40 and a debt-to-equity ratio of 163.32.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Friday, February 16th. The company reported C$1.35 EPS for the quarter, beating the consensus estimate of C$1.08 by C$0.27. The company had revenue of C$4.24 billion during the quarter, compared to analyst estimates of C$3.94 billion. TC Energy had a return on equity of 8.39% and a net margin of 18.34%.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.96 per share. The ex-dividend date is Wednesday, March 27th. This is a boost from TC Energy’s previous quarterly dividend of $0.93. This represents a $3.84 annualized dividend and a yield of 7.78%. TC Energy’s payout ratio is 139.64%.

Insider Buying and Selling

In related news, Senior Officer Dawn Elizabeth De Lima acquired 2,600 shares of the stock in a transaction on Monday, March 25th. The shares were acquired at an average price of C$55.04 per share, with a total value of C$143,104.00. In other TC Energy news, Director Alexis A.J. Hudy acquired 875 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was bought at an average price of C$54.97 per share, with a total value of C$48,098.75. Following the purchase, the director now owns 875 shares of the company’s stock, valued at C$48,098.75. Also, Senior Officer Dawn Elizabeth De Lima acquired 2,600 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was acquired at an average cost of C$55.04 per share, with a total value of C$143,104.00. Over the last ninety days, insiders have bought 4,526 shares of company stock worth $248,609. 0.04% of the stock is owned by insiders.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.