Zacks: Analysts Anticipate Tahoe Resources Inc (TAHO) Will Post Earnings of -$0.01 Per Share

Wall Street analysts expect Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) to report earnings of ($0.01) per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Tahoe Resources’ earnings. The highest EPS estimate is $0.00 and the lowest is ($0.01). Tahoe Resources posted earnings of $0.06 per share in the same quarter last year, which would suggest a negative year over year growth rate of 116.7%. The firm is expected to announce its next quarterly earnings report after the market closes on Thursday, February 22nd.

On average, analysts expect that Tahoe Resources will report full-year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.28 to $0.36. For the next fiscal year, analysts forecast that the company will report earnings of $0.41 per share, with EPS estimates ranging from $0.29 to $0.56. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Tahoe Resources.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Tahoe Resources had a return on equity of 4.57% and a net margin of 12.44%. The business had revenue of $155.20 million for the quarter, compared to analysts’ expectations of $127.12 million. During the same period last year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was down 33.9% on a year-over-year basis.

A number of brokerages recently weighed in on TAHO. Credit Suisse Group cut shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday. Zacks Investment Research cut shares of Tahoe Resources from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, BidaskClub cut shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Tahoe Resources presently has an average rating of “Hold”.

Shares of Tahoe Resources (NYSE TAHO) traded down $0.06 during trading on Friday, reaching $4.45. 3,738,923 shares of the company were exchanged, compared to its average volume of 2,580,603. Tahoe Resources has a 12-month low of $4.15 and a 12-month high of $9.68. The stock has a market cap of $1,410.62, a PE ratio of 13.91, a price-to-earnings-growth ratio of 2.21 and a beta of 0.37.

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in Tahoe Resources by 214.7% in the 4th quarter. SG Americas Securities LLC now owns 34,253 shares of the basic materials company’s stock valued at $164,000 after buying an additional 23,368 shares during the last quarter. First Quadrant L P CA boosted its position in Tahoe Resources by 6,154.1% in the 4th quarter. First Quadrant L P CA now owns 748,304 shares of the basic materials company’s stock valued at $3,584,000 after buying an additional 736,339 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Tahoe Resources in the 4th quarter valued at about $132,000. Nisa Investment Advisors LLC boosted its position in Tahoe Resources by 63.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 49,100 shares of the basic materials company’s stock valued at $235,000 after buying an additional 19,100 shares during the last quarter. Finally, Adams Asset Advisors LLC purchased a new position in Tahoe Resources in the 4th quarter valued at about $1,415,000. 63.96% of the stock is owned by institutional investors.

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About Tahoe Resources

Tahoe Resources Inc is a mine operations, and mineral exploration and development company. The Company’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. Its business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining operations located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining operations located in northeastern Ontario, Canada.

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