Tc Pipelines (TRP) to Release Earnings on Thursday

Tc Pipelines (NYSE:TRP) (TSE:TRP) will be issuing its quarterly earnings data before the market opens on Thursday, November 1st. Analysts expect the company to announce earnings of $0.59 per share for the quarter.

Tc Pipelines (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, August 2nd. The pipeline company reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.28. The business had revenue of $2.48 billion for the quarter. Tc Pipelines had a return on equity of 12.90% and a net margin of 23.37%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. On average, analysts expect Tc Pipelines to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TRP stock opened at $37.85 on Wednesday. The company has a market cap of $34.75 billion, a PE ratio of 15.90, a PEG ratio of 1.78 and a beta of 0.55. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.48 and a current ratio of 0.52. Tc Pipelines has a one year low of $37.24 and a one year high of $51.07.

Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of Tc Pipelines from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. Deutsche Bank lifted their price target on shares of Tc Pipelines from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. Morgan Stanley set a $28.00 price target on shares of Tc Pipelines and gave the company a “sell” rating in a research report on Friday, September 14th. UBS Group assumed coverage on shares of Tc Pipelines in a research report on Thursday, October 4th. They set a “neutral” rating on the stock. Finally, Goldman Sachs Group assumed coverage on shares of Tc Pipelines in a research report on Monday, October 8th. They set a “neutral” rating and a $38.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Tc Pipelines currently has a consensus rating of “Hold” and an average target price of $49.00.

Tc Pipelines Company Profile

TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation and individual facilities, interconnecting pipelines, and other businesses.

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Earnings History for Tc Pipelines (NYSE:TRP)

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