Wall Street brokerages forecast that TC Pipelines, LP (NYSE:TCP) will announce earnings of $0.76 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for TC Pipelines’ earnings. The lowest EPS estimate is $0.71 and the highest is $0.80. TC Pipelines reported earnings per share of $1.00 in the same quarter last year, which would suggest a negative year over year growth rate of 24%. The business is expected to issue its next earnings report after the market closes on Thursday, August 1st.
On average, analysts expect that TC Pipelines will report full-year earnings of $3.54 per share for the current fiscal year, with EPS estimates ranging from $3.43 to $3.63. For the next year, analysts expect that the company will post earnings of $3.53 per share, with EPS estimates ranging from $3.22 to $3.68. Zacks’ EPS averages are a mean average based on a survey of analysts that cover TC Pipelines.
TC Pipelines (NYSE:TCP) last announced its quarterly earnings results on Thursday, August 1st. The pipeline company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). TC Pipelines had a negative net margin of 33.82% and a positive return on equity of 33.52%.
Several institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC increased its position in shares of TC Pipelines by 24.3% in the first quarter. Lindbrook Capital LLC now owns 1,892 shares of the pipeline company’s stock valued at $70,000 after buying an additional 370 shares in the last quarter. SG Americas Securities LLC increased its position in shares of TC Pipelines by 1.3% during the first quarter. SG Americas Securities LLC now owns 34,479 shares of the pipeline company’s stock worth $1,288,000 after purchasing an additional 450 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of TC Pipelines during the first quarter worth approximately $37,000. Advisory Services Network LLC increased its position in shares of TC Pipelines by 173.3% during the fourth quarter. Advisory Services Network LLC now owns 2,050 shares of the pipeline company’s stock worth $66,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Destination Wealth Management purchased a new stake in shares of TC Pipelines during the first quarter worth approximately $87,000. Institutional investors and hedge funds own 62.92% of the company’s stock.
TCP stock traded down $0.71 during trading on Friday, hitting $38.97. 114 shares of the company traded hands, compared to its average volume of 224,697. The stock’s 50-day moving average is $38.67. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $2.91 billion, a P/E ratio of 9.32, a PEG ratio of 5.76 and a beta of 0.67. TC Pipelines has a 1 year low of $26.88 and a 1 year high of $41.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Friday, August 2nd will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date of this dividend is Thursday, August 1st. TC Pipelines’s dividend payout ratio (DPR) is presently 62.20%.
About TC Pipelines
TC Pipelines LP engages in nautral gas pipelines business. It transports natural gas in Western, Midwestern and Eastern United States. The firm is managed by its general partner TC Pipelines GP, Inc, which is an indirect, wholly-owned subsidiary of TransCanada. The company was founded in 1998 and is headquartered in Houston, TX.
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