Wall Street brokerages expect Teck Resources Ltd (NYSE:TECK) (TSE:TECK) to post earnings per share of $0.87 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Teck Resources’ earnings, with estimates ranging from $0.60 to $1.00. Teck Resources posted earnings per share of $1.21 in the same quarter last year, which indicates a negative year over year growth rate of 28.1%. The business is expected to issue its next quarterly earnings report before the market opens on Wednesday, February 14th.

According to Zacks, analysts expect that Teck Resources will report full year earnings of $3.49 per share for the current financial year, with EPS estimates ranging from $3.37 to $3.60. For the next financial year, analysts forecast that the business will report earnings of $2.98 per share, with EPS estimates ranging from $2.37 to $4.17. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Teck Resources.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.09). Teck Resources had a return on equity of 15.16% and a net margin of 19.72%.

TECK has been the topic of several analyst reports. Scotiabank upgraded Teck Resources from an “outperform” rating to a “focus list” rating in a report on Monday, January 8th. ValuEngine upgraded Teck Resources from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BMO Capital Markets boosted their price target on Teck Resources from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, September 25th. Bank of America boosted their price target on Teck Resources from $27.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded Teck Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.94.

Teck Resources (NYSE:TECK) traded down $0.63 on Thursday, hitting $29.24. The stock had a trading volume of 4,187,903 shares, compared to its average volume of 4,892,050. The stock has a market capitalization of $16,840.00, a P/E ratio of 8.57, a P/E/G ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.42 and a current ratio of 2.17. Teck Resources has a 1 year low of $14.56 and a 1 year high of $30.79.

The firm also recently declared a special dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.3141 per share. The ex-dividend date was Thursday, December 14th. This represents a yield of 0.72%. Teck Resources’s dividend payout ratio is presently 4.69%.

A number of large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new stake in Teck Resources during the 2nd quarter valued at approximately $124,000. Tower Research Capital LLC TRC bought a new stake in Teck Resources during the 2nd quarter valued at approximately $164,000. Investment Centers of America Inc. bought a new stake in Teck Resources during the 2nd quarter valued at approximately $194,000. Private Advisor Group LLC bought a new stake in Teck Resources during the 3rd quarter valued at approximately $200,000. Finally, Shelton Capital Management bought a new stake in Teck Resources during the 2nd quarter valued at approximately $202,000. Institutional investors own 54.26% of the company’s stock.

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Teck Resources Company Profile

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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