Teck Resources Ltd. Expected to Earn Q1 2024 Earnings of $0.69 Per Share (TSE:TCK)

Teck Resources Ltd. (TSE:TCK) – Research analysts at B. Riley decreased their Q1 2024 earnings per share estimates for shares of Teck Resources in a note issued to investors on Tuesday, April 16th. B. Riley analyst L. Pipes now forecasts that the company will post earnings per share of $0.69 for the quarter, down from their prior estimate of $0.95. B. Riley also issued estimates for Teck Resources’ Q2 2024 earnings at $0.48 EPS, Q3 2024 earnings at $0.65 EPS, Q4 2024 earnings at $0.39 EPS and FY2024 earnings at $2.20 EPS.

Teck Resources (TSE:TCK) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.35 by C$0.05. The business had revenue of C$4.11 billion for the quarter, compared to the consensus estimate of C$4.18 billion.

Teck Resources Stock Performance

Teck Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of ∞.