Teekay (NYSE:TK) will be issuing its quarterly earnings data before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of ($0.09) per share for the quarter.
Teekay (NYSE:TK) last posted its quarterly earnings results on Thursday, February 21st. The shipping company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.07. Teekay had a negative return on equity of 1.82% and a negative net margin of 4.64%. The business had revenue of $374.30 million for the quarter. During the same period last year, the company posted ($0.11) earnings per share. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, analysts expect Teekay to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
TK stock opened at $4.29 on Thursday. Teekay has a fifty-two week low of $2.92 and a fifty-two week high of $9.05. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $404.75 million, a P/E ratio of -8.09 and a beta of 1.43.
TK has been the topic of a number of research reports. Zacks Investment Research raised Teekay from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. ValuEngine raised Teekay from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Teekay presently has an average rating of “Hold” and a consensus target price of $6.81.
A hedge fund recently raised its stake in Teekay stock. Geode Capital Management LLC raised its stake in Teekay Co. (NYSE:TK) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 245,755 shares of the shipping company’s stock after purchasing an additional 39,881 shares during the quarter. Geode Capital Management LLC owned 0.24% of Teekay worth $820,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 22.57% of the company’s stock.
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Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. It operates shuttle tankers; floating production, storage, and offloading units; floating storage and offloading units; HiLoad dynamic positioning units; long-distance towing and offshore installation vessels; and conventional tankers.
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