TC Energy (TRP) Scheduled to Post Quarterly Earnings on Thursday

TC Energy (NYSE:TRP) (TSE:TRP) is scheduled to issue its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Friday, May 3rd. The pipeline company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. TC Energy had a net margin of 17.23% and a return on equity of 17.94%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.12 billion. On average, analysts expect TC Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TC Energy Price Performance

TRP stock opened at $41.94 on Wednesday. The firm has a 50 day moving average of $39.09 and a 200-day moving average of $38.79. The company has a market cap of $41.94 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 3.46 and a beta of 0.79. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.64. TC Energy has a 12-month low of $32.51 and a 12-month high of $42.31.

TC Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.84 annualized dividend and a yield of 6.77%. TC Energy’s dividend payout ratio is presently 144.85%.

Wall Street Analyst Weigh In

Separately, Barclays raised TC Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, TC Energy currently has a consensus rating of “Hold” and an average price target of $48.60.

TC Energy Company Profile

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.