Teekay Tankers Ltd. (NYSE:TNK) Scheduled to Post Quarterly Earnings on Wednesday
Teekay Tankers Ltd. (NYSE:TNK) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 2nd. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.
Teekay Tankers (NYSE:TNK) last released its earnings results on Thursday, May 18th. The shipping company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The company had revenue of $125.10 million for the quarter, compared to analyst estimates of $95.97 million. Teekay Tankers had a return on equity of 4.58% and a net margin of 5.48%. The company’s revenue for the quarter was down 24.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. On average, analysts expect Teekay Tankers to post $-0.03 EPS for the current fiscal year and $0.18 EPS for the next fiscal year.
Teekay Tankers Ltd. (NYSE TNK) opened at 1.75 on Wednesday. The stock’s 50 day moving average price is $1.77 and its 200 day moving average price is $2.08. The firm has a market capitalization of $289.45 million, a PE ratio of 10.36 and a beta of 2.24. Teekay Tankers Ltd. has a 52-week low of $1.65 and a 52-week high of $3.12.
WARNING: “Teekay Tankers Ltd. (NYSE:TNK) Scheduled to Post Quarterly Earnings on Wednesday” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/07/26/teekay-tankers-ltd-nysetnk-scheduled-to-post-quarterly-earnings-on-wednesday.html.
Several research firms have commented on TNK. Bank of America Corporation reissued an “underperform” rating and issued a $1.80 price objective (down from $2.25) on shares of Teekay Tankers in a research report on Wednesday, May 17th. ValuEngine lowered Teekay Tankers from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. UBS AG reissued a “sell” rating and issued a $1.50 price objective (down from $2.00) on shares of Teekay Tankers in a research report on Friday, June 9th. BidaskClub lowered Teekay Tankers from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research raised Teekay Tankers from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $2.27.
About Teekay Tankers
Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.
Receive News & Ratings for Teekay Tankers Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay Tankers Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.