Teekay (NYSE:TK) is set to post its quarterly earnings results before the market opens on Thursday, February 21st. Analysts expect Teekay to post earnings of ($0.09) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Teekay (NYSE:TK) last issued its quarterly earnings data on Thursday, November 15th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.22). Teekay had a negative return on equity of 2.07% and a negative net margin of 4.84%. The firm had revenue of $325.66 million during the quarter, compared to the consensus estimate of $311.22 million. On average, analysts expect Teekay to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Teekay stock opened at $3.66 on Thursday. Teekay has a twelve month low of $2.92 and a twelve month high of $9.23. The company has a market cap of $364.58 million, a PE ratio of -2.65 and a beta of 1.40. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.58.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Friday, February 1st will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Thursday, January 31st. Teekay’s dividend payout ratio is currently -15.94%.
TK has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Teekay from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. ValuEngine raised shares of Teekay from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Finally, Bank of America initiated coverage on shares of Teekay in a research report on Monday, October 22nd. They set a “buy” rating and a $8.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Teekay presently has an average rating of “Hold” and a consensus price target of $7.50.
Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. It operates shuttle tankers, floating storage and offloading (FSO) units, HiLoad dynamic positioning units, and long-distance towing and offshore installation vessels, as well as offers offshore accommodation, storage, and support for maintenance and modification projects.
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