TransAlta Co. (TA) to Post FY2017 Earnings of ($0.22) Per Share, National Bank Financial Forecasts

TransAlta Co. (TSE:TA) (NYSE:TAC) – Research analysts at National Bank Financial cut their FY2017 EPS estimates for TransAlta in a note issued to investors on Wednesday, Zacks Investment Research reports. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of ($0.22) per share for the year, down from their prior forecast of ($0.11). National Bank Financial currently has a “Sector Perform” rating and a $9.00 target price on the stock. National Bank Financial also issued estimates for TransAlta’s FY2018 earnings at $0.11 EPS.

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Separately, Scotiabank set a C$8.00 price objective on shares of TransAlta and gave the company a “sector perform” rating in a research note on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of C$8.00.

TransAlta (TA) opened at C$7.30 on Monday. TransAlta has a 52 week low of C$5.15 and a 52 week high of C$8.50.

In other TransAlta news, Director David Lawrence Mowat bought 1,250 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of C$44.75 per share, with a total value of C$55,937.50.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.19%. TransAlta’s dividend payout ratio (DPR) is 266.67%.

About TransAlta

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.

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