After finishing at $38.08 in the prior trading day, TC Energy Corporation (NYSE: TRP) closed at $38.34, up 0.68%. On the day, 2396261 shares were traded.
Ratios:
Our goal is to gain a better understanding of TRP by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 0.96. In the meantime, Its Debt-to-Equity ratio is 2.15 whereas as Long-Term Debt/Eq ratio is at 2.05.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TRP now has a Market Capitalization of 39.66B and an Enterprise Value of 85.54B. As of this moment, TC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.92, and their Forward P/E ratio for the next fiscal year is 12.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.57 while its Price-to-Book (P/B) ratio in mrq is 1.94. Its current Enterprise Value per Revenue stands at 5.37 whereas that against EBITDA is 9.13.
Stock Price History:
Over the past 52 weeks, TRP has reached a high of $42.76, while it has fallen to a 52-week low of $32.51. The 50-Day Moving Average of the stock is 39.45, while the 200-Day Moving Average is calculated to be 37.68.
Shares Statistics:
The stock has traded on average 2.79M shares per day over the past 3-months and 4.83M shares per day over the last 10 days, according to various share statistics. A total of 1.04B shares are outstanding, with a floating share count of 1.04B. Insiders hold about 0.10% of the company’s shares, while institutions hold 77.51% stake in the company. Shares short for TRP as of Mar 28, 2024 were 45.65M with a Short Ratio of 16.34, compared to 19.36M on Feb 29, 2024.
Dividends & Splits
In the trailing 12 months, TRP’s forward annual dividend rate was 3.72, compared to 2.80 this year. Against a Trailing Annual Dividend Yield of 9.77%, it implies a Forward Annual Dividend Yield of 7.37%. The stock’s 5-year Average Dividend Yield is 5.71. The current Payout Ratio is 135.44% for TRP, which recently paid a dividend on Apr 30, 2024 with an ex-dividend date of Mar 27, 2024. Stock splits for the company last occurred on Feb 13, 1984 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 10 different market analysts. On average, analysts expect EPS of $0.82 for the current quarter, with a high estimate of $0.96 and a low estimate of $0.71, while EPS last year was $0.91. The consensus estimate for the next quarter is $0.67, with high estimates of $0.71 and low estimates of $0.63.
Analysts are recommending an EPS of between $3.31 and $2.86 for the fiscal current year, implying an average EPS of $3.06. EPS for the following year is $3.22, with 13 analysts recommending between $3.6 and $2.89.
Revenue Estimates
3 analysts predict $3.12B in revenue for the current quarter. It ranges from a high estimate of $3.15B to a low estimate of $3.07B. As of the current estimate, TC Energy Corporation’s year-ago sales were $3.02B, an estimated increase of 3.00% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $2.81B, an increase of 3.70% over than the figure of $3.00% in the same quarter last year. There is a high estimate of $2.85B for the next quarter, whereas the lowest estimate is $2.77B.
A total of 6 analysts have provided revenue estimates for TRP’s current fiscal year. The highest revenue estimate was $12.34B, while the lowest revenue estimate was $11.66B, resulting in an average revenue estimate of $11.95B. In the same quarter a year ago, actual revenue was $11.71B, up 2.10% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $12.59B in the next fiscal year. The high estimate is $13.3B and the low estimate is $12.3B. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.
