TransAlta Renewables Inc. to Post FY2018 Earnings of $0.99 Per Share, National Bank Financial Forecasts (RNW)

TransAlta Renewables Inc. (TSE:RNW) – Analysts at National Bank Financial upped their FY2018 earnings per share (EPS) estimates for shares of TransAlta Renewables in a research report issued to clients and investors on Wednesday. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.99 for the year, up from their previous forecast of $0.98.

A number of other equities research analysts have also recently weighed in on RNW. TD Securities dropped their price target on shares of TransAlta Renewables from C$15.50 to C$15.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Scotiabank dropped their price target on shares of TransAlta Renewables from C$15.00 to C$14.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 14th. Four research analysts have rated the stock with a hold rating, TransAlta Renewables presently has an average rating of “Hold” and a consensus target price of C$14.67.

Shares of TransAlta Renewables (TSE RNW) traded down C$0.03 during mid-day trading on Monday, reaching C$12.83. 254,435 shares of the company’s stock were exchanged, compared to its average volume of 239,203. TransAlta Renewables has a one year low of C$12.78 and a one year high of C$16.25.

The business also recently declared a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 29th will be given a dividend of $0.0783 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date of this dividend is Thursday, November 30th. TransAlta Renewables’s dividend payout ratio is presently 2,966.53%.

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TransAlta Renewables Company Profile

TransAlta Renewables Inc is a Canada-based company engaged in developing, owning and operating renewable power generation facilities. The Company owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts (MW) and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline.

Earnings History and Estimates for TransAlta Renewables (TSE:RNW)

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