Teekay (TK) Scheduled to Post Quarterly Earnings on Wednesday

Teekay (NYSE:TK) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.

Shares of Teekay (NYSE TK) opened at $7.53 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $649.56, a PE ratio of -4.62 and a beta of 1.46. Teekay has a fifty-two week low of $5.14 and a fifty-two week high of $11.15.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Friday, February 2nd will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.92%. The ex-dividend date is Thursday, February 1st. Teekay’s dividend payout ratio is currently -13.50%.

TK has been the subject of several research analyst reports. ValuEngine lowered Teekay from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Zacks Investment Research lowered Teekay from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 24th. Jefferies Group initiated coverage on Teekay in a report on Monday, December 18th. They issued a “hold” rating and a $8.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Teekay from $3.00 to $6.00 and gave the company an “underweight” rating in a report on Monday. Two investment 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 currently has a consensus rating of “Hold” and an average price target of $8.00.

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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.

Earnings History for Teekay (NYSE:TK)

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