Teck Resources Ltd (NYSE:TECK) Expected to Announce Earnings of -$0.04 Per Share
Brokerages expect that Teck Resources Ltd (NYSE:TECK) (TSE:TECK) will announce earnings of ($0.04) per share for the current fiscal quarter, according to Zacks. Sixteen analysts have made estimates for Teck Resources’ earnings. The highest EPS estimate is $0.18 and the lowest is ($0.26). Teck Resources posted earnings of $0.60 per share during the same quarter last year, which would indicate a negative year over year growth rate of 106.7%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 23rd.
On average, analysts expect that Teck Resources will report full year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.00 to $1.13. For the next year, analysts expect that the business will post earnings of $1.41 per share, with EPS estimates ranging from $0.77 to $2.55. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Teck Resources.
Teck Resources (NYSE:TECK) (TSE:TECK) last issued its earnings results on Tuesday, April 21st. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. Teck Resources had a negative net margin of 5.40% and a positive return on equity of 5.14%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the business earned $0.99 earnings per share.
Teck Resources stock traded up $0.21 on Tuesday, hitting $10.41. 3,385,453 shares of the stock traded hands, compared to its average volume of 4,206,605. Teck Resources has a 1 year low of $5.60 and a 1 year high of $23.13. The company has a current ratio of 1.35, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $10.10 and its 200 day simple moving average is $11.25. The firm has a market cap of $5.45 billion, a P/E ratio of -12.10, a price-to-earnings-growth ratio of 4.24 and a beta of 1.50.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.036 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.14 dividend on an annualized basis and a yield of 1.38%. Teck Resources’s dividend payout ratio is presently 6.76%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. purchased a new stake in shares of Teck Resources during the 4th quarter worth approximately $13,603,000. BNP Paribas Arbitrage SA raised its holdings in shares of Teck Resources by 94,940.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,752 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 4,747 shares in the last quarter. Capital Analysts LLC raised its holdings in shares of Teck Resources by 28.0% during the 1st quarter. Capital Analysts LLC now owns 7,310 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 1,600 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Teck Resources by 28.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,965 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 2,199 shares in the last quarter. Finally, Advisor Group Holdings Inc. purchased a new stake in shares of Teck Resources during the 1st quarter worth approximately $83,000. 44.77% of the stock is currently owned by institutional investors.
Teck Resources Company Profile
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
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