Teck Resources (NYSE:TECK) (TSE:TECK) is set to release its earnings data before the market opens on Tuesday, April 24th. Analysts expect Teck Resources to post earnings of $1.13 per share for the quarter.
Teck Resources (NYSE:TECK) (TSE:TECK) last issued its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.06). Teck Resources had a return on equity of 13.69% and a net margin of 20.83%. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the company earned $1.61 EPS. Teck Resources’s quarterly revenue was down 9.8% on a year-over-year basis. On average, analysts expect Teck Resources to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE TECK opened at $26.13 on Tuesday. Teck Resources has a 1-year low of $14.56 and a 1-year high of $30.80. The company has a quick ratio of 1.19, a current ratio of 1.81 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $15,087.22, a PE ratio of 7.62, a P/E/G ratio of 0.68 and a beta of 1.50.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were given a $0.04 dividend. This is an increase from Teck Resources’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.61%. Teck Resources’s dividend payout ratio is presently 4.66%.
Several brokerages have recently weighed in on TECK. Deutsche Bank upped their target price on Teck Resources from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, April 11th. Seaport Global Securities began coverage on Teck Resources in a research report on Friday, March 2nd. They issued a “hold” rating for the company. ValuEngine downgraded Teck Resources from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 2nd. Morgan Stanley upped their target price on Teck Resources from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Monday, March 26th. Finally, Bank of America downgraded Teck Resources to a “hold” rating in a report on Tuesday, February 20th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.05.
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Teck Resources Company Profile
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise 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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