Teck Resources (TCK) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS
Teck Resources (NYSE:TCK) released its earnings data on Tuesday. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.06, American Banking & Market News reports. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.10 billion.
Shares of Teck Resources (NYSE:TCK) opened at 21.79 on Tuesday. Teck Resources has a 52 week low of $19.98 and a 52 week high of $30.02. The stock has a 50-day moving average of $21.75 and a 200-day moving average of $24.27. The company has a market cap of $12.557 billion and a price-to-earnings ratio of 12.88.
A number of research firms have recently commented on TCK. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Teck Resources in a research note on Wednesday, April 16th. They now have a $25.00 price target on the stock. On a related note, analysts at Morgan Stanley raised their price target on shares of Teck Resources from $25.00 to $27.00 in a research note on Tuesday, April 8th. They now have an “equal weight” rating on the stock. Finally, analysts at FBR Capital Markets cut their price target on shares of Teck Resources from $30.00 to $27.00 in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.81.
Teck Resources Limited (NYSE:TCK) is engaged in exploring for, developing and producing natural resources.
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