What is Raymond James’ Estimate for TC Energy Q4 Earnings?

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities research analysts at Raymond James issued their Q4 2024 earnings per share (EPS) estimates for shares of TC Energy in a report released on Thursday, November 21st. Raymond James analyst A. Bradford expects that the company will post earnings of $0.95 per share for the quarter. Raymond James currently has a “Hold” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. Raymond James also issued estimates for TC Energy’s Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $1.12 EPS and FY2025 earnings at $3.80 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results 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. The company had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%.

TRP has been the subject of a number of other research reports. CIBC lifted their target price on shares of TC Energy from C$67.00 to C$68.00 in a research report on Wednesday, November 20th. BMO Capital Markets lifted their price objective on TC Energy from C$66.00 to C$70.00 in a research report on Wednesday, November 20th. Wells Fargo & Company upped their target price on TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Royal Bank of Canada raised their price target on TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. Finally, UBS Group upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, TC Energy currently has an average rating of “Hold” and an average price target of C$69.54.

TC Energy Trading Down 0.1 %

TSE:TRP opened at C$68.54 on Monday. The company has a market capitalization of C$71.28 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a 52-week low of C$43.83 and a 52-week high of C$70.32. The stock has a fifty day simple moving average of C$65.23 and a 200-day simple moving average of C$59.28. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.113 per share. The ex-dividend date is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a yield of 6.50%. This is an increase from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

Insider Buying and Selling at TC Energy

In other TC Energy news, Director Mark Yeomans sold 6,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$61.58, for a total transaction of C$400,297.95. Also, Senior Officer Francois Lionel Poirier sold 118,243 shares of TC Energy stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$68.38, for a total value of C$8,085,219.85. Insiders have sold a total of 214,476 shares of company stock worth $14,299,929 in the last quarter. 0.03% of the stock is owned by insiders.

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.