Teekay Corporation (NYSE:TK) is set to post its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect Teekay Corporation to post earnings of ($0.40) per share for the quarter.

Teekay Corporation (NYSE:TK) last announced its earnings results on Thursday, August 3rd. The shipping company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.07). The business had revenue of $513.90 million during the quarter, compared to the consensus estimate of $503.65 million. Teekay Corporation had a negative return on equity of 2.82% and a negative net margin of 5.66%. Teekay Corporation’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. On average, analysts expect Teekay Corporation to post $-1.25 EPS for the current fiscal year and $0.06 EPS for the next fiscal year.

Teekay Corporation (NYSE TK) opened at 8.37 on Wednesday. The company’s market capitalization is $721.99 million. Teekay Corporation has a 52 week low of $5.14 and a 52 week high of $11.77. The firm has a 50-day moving average price of $8.93 and a 200-day moving average price of $8.12.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, November 3rd will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.63%. The ex-dividend date is Thursday, November 2nd. Teekay Corporation’s payout ratio is -15.38%.

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Several equities research analysts have recently issued reports on TK shares. BidaskClub lowered shares of Teekay Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. ValuEngine raised shares of Teekay Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Zacks Investment Research raised shares of Teekay Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $8.00 price target on shares of Teekay Corporation in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.75.

Teekay Corporation Company Profile

Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the operations in the offshore production, storage and transportation sector.

Earnings History for Teekay Corporation (NYSE:TK)

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