What is Zacks Research’s Estimate for TC Energy Q4 Earnings?

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Investment analysts at Zacks Research dropped their Q4 2024 earnings estimates for TC Energy in a report released on Thursday, December 12th. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $0.85 for the quarter, down from their previous forecast of $0.87. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. Zacks Research also issued estimates for TC Energy’s Q1 2025 earnings at $0.92 EPS, Q3 2025 earnings at $0.81 EPS and Q4 2025 earnings at $1.00 EPS.

Several other equities analysts have also recently weighed in on the company. Royal Bank of Canada lifted their target price on TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. Barclays upped their price objective on shares of TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. CIBC lifted their target price on shares of TC Energy from C$67.00 to C$68.00 in a research note on Wednesday, November 20th. Raymond James raised shares of TC Energy to a “hold” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets boosted their target price on TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, TC Energy currently has a consensus rating of “Hold” and a consensus target price of C$69.77.

TC Energy Stock Performance

Shares of TRP stock opened at C$65.63 on Monday. The company has a market capitalization of C$68.26 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy has a 1-year low of C$43.83 and a 1-year high of C$70.32. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The stock’s fifty day simple moving average is C$66.37 and its 200-day simple moving average is C$60.61.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The firm had revenue of C$4.08 billion during the quarter, compared to analyst estimates of C$3.90 billion.

Insider Transactions at TC Energy

In related news, Senior Officer Dawn Elizabeth De Lima acquired 545 shares of the stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average price of C$63.06 per share, for a total transaction of C$34,367.70. Also, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$66.51, for a total transaction of C$17,785,898.39. Over the last three months, insiders sold 440,243 shares of company stock worth $29,476,491. 0.03% of the stock is owned by insiders.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $1.113 dividend. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.78%. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

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.