TransCanada (TRP) Set to Announce Earnings on Thursday

TransCanada (TSE:TRP) (NYSE:TRP) will be releasing its earnings data after the market closes on Thursday, February 15th. Analysts expect TransCanada to post earnings of C$0.74 per share for the quarter.

TransCanada (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Thursday, November 9th. The company reported C$0.70 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.70. TransCanada had a return on equity of 11.98% and a net margin of 21.47%. The company had revenue of C$3.24 billion during the quarter, compared to the consensus estimate of C$2.46 billion.

TransCanada (TRP) opened at C$54.75 on Thursday. TransCanada has a 52 week low of C$52.87 and a 52 week high of C$65.18. The stock has a market capitalization of $48,180.00, a P/E ratio of 27.10 and a beta of 0.20.

In related news, Director Patrick M. Keys sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of C$64.83, for a total value of C$38,898.00. Insiders sold 1,444 shares of company stock worth $92,047 over the last quarter.

Several research firms have recently issued reports on TRP. BMO Capital Markets lowered their price objective on TransCanada from C$73.00 to C$69.00 in a research note on Tuesday. CIBC upped their price objective on TransCanada from C$75.00 to C$76.00 in a research note on Thursday, January 11th. National Bank Financial upped their price objective on TransCanada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 29th. Citigroup upped their price objective on TransCanada from C$68.00 to C$71.00 in a research note on Friday, December 8th. Finally, JPMorgan Chase & Co. upped their price objective on TransCanada from C$74.00 to C$76.00 in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TransCanada presently has an average rating of “Buy” and an average target price of C$72.67.

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About TransCanada

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.

Earnings History for TransCanada (TSE:TRP)

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