Equities researchers at US Capital Advisors have lowered their Q3 2023 earnings estimates for TC Energy. The analysts now expect the company to earn $0.94 per share for the quarter, down from their previous estimate of $0.97. The consensus estimate for TC Energy’s current full-year earnings is $4.31 per share.
TC Energy previously reported earnings of C$1.21 per share for the quarter ending April 28th, beating analysts’ consensus estimates by C$0.01. The company had revenue of C$3.93 billion for the quarter, compared to the consensus estimate of C$3.69 billion. TC Energy had a net margin of 11.00% and a return on equity of 5.11%.
The company’s stock has received mixed ratings from analysts. Some have increased their price targets, while others have dropped their estimates. Overall, the consensus rating for TC Energy is “Hold” with a consensus price target of C$58.72.
Shares of TC Energy opened at C$45.25 on Monday, and the stock has a one-year low of C$43.70 and a one-year high of C$69.80. The company has a market cap of C$45.25 billion, a price-to-earnings ratio of 28.82, and a dividend payout ratio of 236.94%.
TC Energy operates as an energy infrastructure company in North America, with segments focused on natural gas pipelines, liquids pipelines, and power and energy solutions. The company operates a network of 93,700 kilometers of natural gas pipelines, transporting natural gas to various customers and businesses. TC Energy also recently declared a quarterly dividend of $0.93 per share, payable on October 31st to shareholders of record on September 29th.
Equities researchers at US Capital Advisors – https://news.google.com/rss/articles/CBMieGh0dHBzOi8vd3d3LmVuZXJneXBvcnRhbC5ldS9uZXdzL3EzLTIwMjMtZWFybmluZ3MtZm9yZWNhc3QtZm9yLXRjLWVuZXJneS1jby10c2V0cnAtaXNzdWVkLWJ5LXVzLWNhcGl0YWwtYWR2aXNvcnMvMTA5MTA3L9IBAA?oc=5https://uscapitaladvisor.com/
TC Energy – https://news.google.com/rss/articles/CBMieGh0dHBzOi8vd3d3LmVuZXJneXBvcnRhbC5ldS9uZXdzL3EzLTIwMjMtZWFybmluZ3MtZm9yZWNhc3QtZm9yLXRjLWVuZXJneS1jby10c2V0cnAtaXNzdWVkLWJ5LXVzLWNhcGl0YWwtYWR2aXNvcnMvMTA5MTA3L9IBAA?oc=5https://www.tcenergy.com/
Read More: TC Energy Q3 2023 Earnings Estimates Reduced by US Capital Advisors