TransCanada (TRP) Scheduled to Post Earnings on Thursday

TransCanada (NYSE:TRP) (TSE:TRP) is set to release its earnings data after the market closes on Thursday, February 15th. Analysts expect TransCanada to post earnings of $0.63 per share for the quarter.

TransCanada (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, November 9th. The pipeline company reported $0.56 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $1.94 billion. TransCanada had a return on equity of 11.99% and a net margin of 14.40%. On average, analysts expect TransCanada to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of TransCanada (NYSE:TRP) opened at $43.51 on Thursday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.51 and a quick ratio of 0.48. The company has a market capitalization of $38,380.00, a PE ratio of 26.86, a PEG ratio of 2.10 and a beta of 0.60. TransCanada has a 12 month low of $42.11 and a 12 month high of $51.85.

Several brokerages have recently commented on TRP. Zacks Investment Research downgraded TransCanada from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley raised their target price on TransCanada from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. TD Securities upgraded TransCanada to a “buy” rating in a research note on Wednesday, November 29th. Bank of America initiated coverage on TransCanada in a research note on Tuesday, January 9th. They set a “buy” rating for the company. Finally, TheStreet downgraded TransCanada from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $58.00.

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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 (NYSE:TRP)

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