Equities research analysts predict that Teekay Co. (NYSE:TK) will announce earnings of $0.15 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Teekay’s earnings. Teekay reported earnings per share of ($0.22) in the same quarter last year, which suggests a positive year-over-year growth rate of 168.2%. The business is expected to announce 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 year. For the next financial year, analysts anticipate that the firm will post earnings of $0.81 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Teekay.

Teekay (NYSE:TK) last announced its quarterly earnings data on Thursday, November 9th. The shipping company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.03. The business had revenue of $500.80 million for the quarter, compared to the consensus estimate of $475.32 million. Teekay had a negative net margin of 6.66% and a negative return on equity of 3.48%. Teekay’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.23) earnings per share.

Several equities research analysts have recently issued reports on TK shares. Zacks Investment Research downgraded shares of Teekay from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 24th. Jefferies Group restated a “hold” rating and issued a $8.00 price objective on shares of Teekay in a research note on Thursday, October 12th. Finally, ValuEngine upgraded shares of Teekay from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Teekay presently has a consensus rating of “Hold” and an average price target of $7.00.

Institutional investors and hedge funds have recently bought and sold shares of the business. Voya Investment Management LLC boosted its stake in Teekay by 25.8% during the second quarter. Voya Investment Management LLC now owns 22,518 shares of the shipping company’s stock worth $150,000 after buying an additional 4,617 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Teekay during the third quarter worth $212,000. Fondren Management LP acquired a new stake in Teekay during the second quarter worth $267,000. Fox Run Management L.L.C. acquired a new stake in Teekay during the third quarter worth $296,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Teekay during the second quarter worth $306,000. Hedge funds and other institutional investors own 27.73% of the company’s stock.

Shares of Teekay (TK) traded up $0.12 during trading on Friday, hitting $10.54. 517,451 shares of the stock traded hands, compared to its average volume of 885,122. The firm has a market capitalization of $909.21, a P/E ratio of -6.47 and a beta of 1.69. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.70 and a current ratio of 0.70. Teekay has a twelve month low of $5.14 and a twelve month high of $11.77.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, February 1st. This represents a $0.22 dividend on an annualized basis and a yield of 2.09%. Teekay’s dividend payout ratio is currently -13.50%.

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About Teekay

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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