Analysts predict that Teekay Co. (NYSE:TK) will post $530.62 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Teekay’s earnings, with estimates ranging from $508.35 million to $552.90 million. Teekay posted sales of $510.97 million during the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The company is expected to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Teekay will report full-year sales of $530.62 million for the current year, with estimates ranging from $1.93 billion to $1.99 billion. For the next financial year, analysts expect that the firm will post sales of $2.35 billion per share, with estimates ranging from $2.34 billion to $2.36 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Teekay.

Teekay (NYSE:TK) last posted its quarterly earnings data on Thursday, November 9th. The shipping company reported ($0.41) earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $500.80 million during the quarter, compared to the consensus estimate of $475.32 million. During the same period in the prior year, the company earned ($0.23) earnings per share. The company’s revenue was down 8.5% compared to the same quarter last year.

TK has been the subject of several research analyst reports. Zacks Investment Research upgraded Teekay from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Jefferies Group reiterated a “hold” rating and issued a $8.00 price objective on shares of Teekay in a research report on Thursday, October 12th. Finally, ValuEngine cut Teekay from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $7.00.

Teekay (NYSE TK) traded up $0.12 during trading hours on Tuesday, reaching $10.54. The company’s stock had a trading volume of 517,400 shares, compared to its average volume of 1,045,333. The stock has a market capitalization of $909.21, a PE ratio of -6.39 and a beta of 1.67. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.70 and a quick ratio of 0.70. Teekay has a 1 year low of $5.14 and a 1 year high of $11.77.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, February 1st. Teekay’s dividend payout ratio (DPR) is -13.33%.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Teekay by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 618,000 shares of the shipping company’s stock valued at $4,122,000 after purchasing an additional 3,433 shares during the last quarter. Voya Investment Management LLC grew its holdings in Teekay by 25.8% in the second quarter. Voya Investment Management LLC now owns 22,518 shares of the shipping company’s stock valued at $150,000 after purchasing an additional 4,617 shares during the last quarter. Rhumbline Advisers grew its holdings in Teekay by 8.2% in the second quarter. Rhumbline Advisers now owns 67,404 shares of the shipping company’s stock valued at $450,000 after purchasing an additional 5,105 shares during the last quarter. Teachers Advisors LLC grew its holdings in Teekay by 9.4% in the second quarter. Teachers Advisors LLC now owns 99,731 shares of the shipping company’s stock valued at $665,000 after purchasing an additional 8,608 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in Teekay by 8.7% in the second quarter. TIAA CREF Investment Management LLC now owns 154,365 shares of the shipping company’s stock valued at $1,030,000 after purchasing an additional 12,344 shares during the last quarter. 27.73% 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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