Teck Resources Ltd. (TSE:TCK) Forecasted to Post Q1 2024 Earnings of $0.66 Per Share

Teck Resources Ltd. (TSE:TCK) – Analysts at Raymond James reduced their Q1 2024 earnings estimates for shares of Teck Resources in a note issued to investors on Tuesday, April 9th. Raymond James analyst B. Macarthur now expects that the company will earn $0.66 per share for the quarter, down from their previous estimate of $1.06. Raymond James also issued estimates for Teck Resources’ Q2 2024 earnings at $0.73 EPS, Q3 2024 earnings at $1.11 EPS and FY2024 earnings at $2.90 EPS.

Teck Resources Price Performance

Teck Resources (TSE:TCK) last posted its earnings results on Thursday, February 22nd. The company reported C$1.40 EPS for the quarter, topping the consensus estimate of C$1.35 by C$0.05. The firm had revenue of C$4.11 billion during the quarter, compared to the consensus estimate of C$4.18 billion.

Teck Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Thursday, March 14th.