Tc Pipelines (TRP) Announces Quarterly Earnings Results

Tc Pipelines (NYSE:TRP) (TSE:TRP) issued its earnings results on Thursday. The pipeline company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.41, reports. The firm had revenue of $3.16 billion during the quarter. Tc Pipelines had a return on equity of 12.90% and a net margin of 23.37%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS.

Shares of Tc Pipelines stock traded down $0.17 on Friday, hitting $38.69. The stock had a trading volume of 1,165,359 shares, compared to its average volume of 1,332,513. Tc Pipelines has a twelve month low of $37.24 and a twelve month high of $51.07. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.52 and a quick ratio of 0.48. The company has a market capitalization of $34.58 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.77 and a beta of 0.55.

TRP has been the subject of several research analyst reports. CIBC reissued a “buy” rating on shares of Tc Pipelines in a research note on Friday. Deutsche Bank boosted their target price on Tc Pipelines from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research downgraded Tc Pipelines from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. Goldman Sachs Group initiated coverage on Tc Pipelines in a research note on Monday, October 8th. They set a “neutral” rating and a $38.00 target price for the company. Finally, UBS Group initiated coverage on Tc Pipelines in a research note on Thursday, October 4th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $49.00.

About Tc Pipelines

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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