FY2027 Earnings Forecast for TC Energy Issued By Scotiabank

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at Scotiabank cut their FY2027 earnings per share estimates for TC Energy in a report issued on Friday, September 25th. Scotiabank analyst R. Hope now anticipates that the company will post earnings of $3.98 per share for the year, down from their prior estimate of $3.99. Scotiabank currently has a “Sector Outperform” rating and a $105.00 target price on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

Other research analysts have also issued reports about the stock. Jefferies Financial Group upgraded shares of TC Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$100.00 to C$102.00 in a research note on Tuesday, September 1st. National Bank Financial lifted their price objective on TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a report on Friday, July 31st. ATB Cormark Capital Markets boosted their target price on TC Energy from C$98.00 to C$100.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. TD Securities raised TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. Finally, BMO Capital Markets raised their price target on TC Energy from C$94.00 to C$99.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$95.64.

TC Energy Stock Down 0.4%

TRP stock opened at C$82.39 on Tuesday. TC Energy has a one year low of C$69.41 and a one year high of C$100.18. The stock has a market capitalization of C$85.83 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.68. The company has a debt-to-equity ratio of 229.63, a quick ratio of 0.40 and a current ratio of 0.61. The company has a fifty day moving average of C$87.99 and a 200-day moving average of C$90.56.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.94 earnings per share for the quarter. The firm had revenue of C$3.96 billion during the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%.

About TC Energy

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.