Teekay Tankers (NYSE:TNK) will issue its quarterly earnings data before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Teekay Tankers (NYSE:TNK) last posted its quarterly earnings data on Thursday, February 21st. The shipping company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The business had revenue of $129.10 million for the quarter, compared to analysts’ expectations of $116.66 million. Teekay Tankers had a negative return on equity of 5.74% and a negative net margin of 6.95%. The business’s revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) EPS. On average, analysts expect Teekay Tankers to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Teekay Tankers stock opened at $1.40 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.04. The company has a market cap of $322.27 million, a price-to-earnings ratio of -7.00 and a beta of 1.18. Teekay Tankers has a fifty-two week low of $0.87 and a fifty-two week high of $1.41.
An institutional investor recently raised its position in Teekay Tankers stock. Geode Capital Management LLC grew its holdings in shares of Teekay Tankers Ltd. (NYSE:TNK) by 18.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 668,939 shares of the shipping company’s stock after purchasing an additional 105,398 shares during the period. Geode Capital Management LLC owned approximately 0.25% of Teekay Tankers worth $620,000 as of its most recent SEC filing. Institutional investors own 24.69% of the company’s stock.
TNK has been the topic of several research reports. DNB Markets raised Teekay Tankers from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. JPMorgan Chase & Co. lowered shares of Teekay Tankers from a “neutral” rating to an “underweight” rating and set a $1.00 target price for the company. in a report on Friday, February 22nd. Finally, Zacks Investment Research upgraded shares of Teekay Tankers from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Teekay Tankers currently has an average rating of “Hold” and an average target price of $1.11.
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Teekay Tankers Company Profile
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company operates through two segments, Conventional Tanker and Ship-To-Ship Transfer. It is involved in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers.
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