Equities research analysts expect TC PIPELINES LP Common Stock (NYSE:TRP) (TSE:TRP) to report $0.57 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for TC PIPELINES LP Common Stock’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.62. TC PIPELINES LP Common Stock posted earnings of $0.56 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.8%. The firm is scheduled to report its next earnings report on Thursday, November 8th.
On average, analysts expect that TC PIPELINES LP Common Stock will report full-year earnings of $2.61 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.80. For the next year, analysts expect that the business will report earnings of $2.78 per share, with EPS estimates ranging from $2.62 to $2.96. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for TC PIPELINES LP Common Stock.
TC PIPELINES LP Common Stock (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings results on Thursday, August 2nd. The pipeline company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.28. TC PIPELINES LP Common Stock had a return on equity of 12.90% and a net margin of 23.37%. The business had revenue of $2.48 billion for the quarter. During the same quarter last year, the company posted $0.76 EPS. The firm’s revenue was down 1.1% on a year-over-year basis.
A number of research analysts have commented on the company. Zacks Investment Research lowered TC PIPELINES LP Common Stock from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Deutsche Bank upped their price objective on TC PIPELINES LP Common Stock from $57.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. TC PIPELINES LP Common Stock has a consensus rating of “Buy” and an average target price of $56.25.
TRP traded down $0.32 during trading hours on Friday, reaching $42.42. The company’s stock had a trading volume of 43,031 shares, compared to its average volume of 820,944. TC PIPELINES LP Common Stock has a 52 week low of $39.16 and a 52 week high of $51.85. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.65. The stock has a market cap of $38.65 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.91 and a beta of 0.55.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Thursday, September 27th. TC PIPELINES LP Common Stock’s dividend payout ratio is 8.82%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC acquired a new stake in shares of TC PIPELINES LP Common Stock during the 1st quarter worth $175,000. Icon Wealth Partners LLC grew its holdings in shares of TC PIPELINES LP Common Stock by 44.9% during the 1st quarter. Icon Wealth Partners LLC now owns 4,818 shares of the pipeline company’s stock worth $202,000 after purchasing an additional 1,492 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of TC PIPELINES LP Common Stock during the 1st quarter worth $212,000. Bayesian Capital Management LP acquired a new stake in shares of TC PIPELINES LP Common Stock during the 1st quarter worth $223,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of TC PIPELINES LP Common Stock during the 1st quarter worth $223,000. 60.63% of the stock is currently owned by hedge funds and other institutional investors.
About TC PIPELINES LP Common Stock
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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