TransCanada Co. (TRP) Forecasted to Post Q3 2017 Earnings of $0.81 Per Share
TransCanada Co. (TSE:TRP) (NYSE:TRP) – Stock analysts at National Bank Financial issued their Q3 2017 earnings estimates for TransCanada in a research note issued to investors on Monday. National Bank Financial analyst P. Kenny anticipates that the company will post earnings of $0.81 per share for the quarter.
A number of other brokerages have also recently commented on TRP. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$73.00 price target on shares of TransCanada in a research note on Monday, July 31st. TD Securities upped their price target on TransCanada from C$77.00 to C$79.00 and gave the company a “buy” rating in a research note on Monday, July 31st. Six equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$71.75.
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TransCanada (TSE:TRP) opened at 63.33 on Wednesday. The firm has a market capitalization of $55.16 billion and a PE ratio of 52.08. TransCanada has a one year low of $57.36 and a one year high of $65.24. The firm has a 50 day moving average of $62.24 and a 200 day moving average of $62.92.
In other news, insider Donald R. Marchand sold 13,100 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of C$64.75, for a total value of C$848,225.00. Also, Director Mark Yeomans sold 1,400 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of C$62.65, for a total value of C$87,710.00. Over the last ninety days, insiders bought 3,280 shares of company stock valued at $207,852 and sold 66,027 shares valued at $4,255,154.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be paid a $0.625 dividend. The ex-dividend date is Thursday, September 28th. This is a boost from TransCanada’s previous quarterly dividend of $0.48. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.95%.
TransCanada Company Profile
TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.
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