Teck Resources Ltd (TECK) to Release Quarterly Earnings on Thursday
Teck Resources Ltd (NYSE:TECK) (TSE:TECK) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.90 per share for the quarter.
Teck Resources (NYSE:TECK) (TSE:TECK) last released its earnings results on Thursday, July 27th. The basic materials company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Teck Resources had a net margin of 17.93% and a return on equity of 13.01%. The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.75 billion. The firm’s revenue was up 62.0% compared to the same quarter last year. On average, analysts expect Teck Resources to post $3.56 EPS for the current fiscal year and $2.51 EPS for the next fiscal year.
Shares of Teck Resources Ltd (TECK) opened at 22.16 on Thursday. Teck Resources Ltd has a 12-month low of $14.56 and a 12-month high of $26.60. The company has a market capitalization of $12.80 billion, a P/E ratio of 7.62 and a beta of 1.20. The company has a 50 day moving average of $22.58 and a 200-day moving average of $20.65.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.0399 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, September 14th. Teck Resources’s dividend payout ratio (DPR) is presently 3.01%.
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Several brokerages have recently issued reports on TECK. MKM Partners reaffirmed a “buy” rating and issued a $28.00 target price (up previously from $25.00) on shares of Teck Resources in a research note on Thursday, August 24th. ValuEngine downgraded shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Teck Resources from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. BidaskClub upgraded shares of Teck Resources from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 13th. Finally, Bank of America Corporation increased their price target on shares of Teck Resources from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $31.18.
About Teck Resources
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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