Teekay Co. (NYSE:TK) – Equities research analysts at Jefferies Group issued their FY2017 earnings per share estimates for Teekay in a research report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst R. Giveans expects that the shipping company will post earnings per share of ($1.16) for the year. Jefferies Group currently has a “Hold” rating and a $8.00 price target on the stock. Jefferies Group also issued estimates for Teekay’s Q4 2017 earnings at $0.15 EPS and FY2018 earnings at $0.81 EPS.
A number of other analysts have also weighed in on the stock. ValuEngine raised shares of Teekay from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. Zacks Investment Research raised shares of Teekay from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Teekay presently has an average rating of “Hold” and a consensus price target of $7.00.
Teekay (NYSE:TK) traded up $0.12 during trading on Wednesday, reaching $10.54. 517,451 shares of the company were exchanged, compared to its average volume of 837,453. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.70 and a quick ratio of 0.70. Teekay has a 12 month low of $5.14 and a 12 month high of $11.77. The stock has a market cap of $898.86, a price-to-earnings ratio of -6.39 and a beta of 1.67.
Teekay (NYSE:TK) last posted its quarterly earnings data on Thursday, November 9th. The shipping company reported ($0.41) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.03. Teekay had a negative net margin of 6.66% and a negative return on equity of 3.48%. The company had revenue of $500.80 million for the quarter, compared to analyst estimates of $475.32 million. During the same period in the prior year, the company posted ($0.23) EPS. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, February 1st. Teekay’s dividend payout ratio (DPR) is presently -13.33%.
Large investors have recently modified their holdings of the company. Voya Investment Management LLC increased its position in shares of Teekay by 25.8% during the second quarter. Voya Investment Management LLC now owns 22,518 shares of the shipping company’s stock worth $150,000 after acquiring an additional 4,617 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Teekay during the third quarter valued at approximately $212,000. American Asset Management Inc. bought a new position in shares of Teekay during the second quarter valued at approximately $181,000. Fox Run Management L.L.C. bought a new position in shares of Teekay during the third quarter valued at approximately $296,000. Finally, Benchmark Capital Advisors bought a new position in shares of Teekay during the second quarter valued at approximately $243,000. 27.73% of the stock is currently owned by institutional investors and hedge funds.
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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.
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