Brokerages forecast that Teekay Corporation (NYSE:TK) will post $0.15 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Teekay’s earnings. Teekay posted earnings of ($0.22) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 168.2%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Teekay will report full-year earnings of ($1.16) per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $0.81 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Teekay.

Teekay (NYSE:TK) last issued its quarterly earnings results on Thursday, November 9th. The shipping company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.03. Teekay had a negative return on equity of 3.48% and a negative net margin of 6.66%. The firm had revenue of $500.80 million for the quarter, compared to analyst estimates of $475.32 million. During the same period in the previous year, the company posted ($0.23) earnings per share. The company’s quarterly revenue was down 8.5% compared to the same quarter last year.

Several equities research analysts have recently weighed in on TK shares. ValuEngine lowered Teekay from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Teekay from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Finally, Jefferies Group reiterated a “hold” rating and issued a $8.00 price objective on shares of Teekay in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $7.00.

Shares of Teekay (NYSE:TK) traded down $0.03 on Monday, reaching $8.16. The company had a trading volume of 481,500 shares, compared to its average volume of 1,403,116. Teekay has a 1 year low of $5.14 and a 1 year high of $11.77. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.70 and a current ratio of 0.70.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, November 3rd were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Thursday, November 2nd. Teekay’s dividend payout ratio (DPR) is currently -13.33%.

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in Teekay by 404.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 566,352 shares of the shipping company’s stock worth $3,778,000 after purchasing an additional 454,087 shares in the last quarter. Dalton Investments LLC bought a new position in Teekay during the 3rd quarter worth about $2,030,000. FMR LLC increased its holdings in Teekay by 1.6% during the 2nd quarter. FMR LLC now owns 8,606,199 shares of the shipping company’s stock worth $57,403,000 after purchasing an additional 131,584 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Teekay in the 2nd quarter valued at about $865,000. Finally, Cedar Capital LLC grew its holdings in shares of Teekay by 40.0% in the 2nd quarter. Cedar Capital LLC now owns 451,609 shares of the shipping company’s stock valued at $3,012,000 after acquiring an additional 128,993 shares in the last quarter. 27.94% of the stock is currently owned by institutional investors.

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Teekay 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.

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