Analysts forecast that Teck Resources Ltd (NYSE:TECK) (TSE:TECK) will announce earnings per share of $1.13 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Teck Resources’ earnings. The highest EPS estimate is $1.31 and the lowest is $0.94. Teck Resources posted earnings of $0.88 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.4%. The firm is expected to report its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that Teck Resources will report full year earnings of $3.50 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $4.66. For the next fiscal year, analysts anticipate that the company will post earnings of $2.74 per share, with EPS estimates ranging from $1.46 to $4.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Teck Resources.
Teck Resources (NYSE:TECK) (TSE:TECK) last posted its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.06). Teck Resources had a return on equity of 13.69% and a net margin of 20.83%. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The company’s revenue for the quarter was down 9.8% on a year-over-year basis.
Several equities research analysts have recently commented on TECK shares. Zacks Investment Research raised shares of Teck Resources from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Wednesday, January 31st. Bank of America set a $36.00 target price on shares of Teck Resources and gave the stock a “buy” rating in a research report on Friday, February 9th. ValuEngine raised shares of Teck Resources from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Morgan Stanley raised their target price on shares of Teck Resources from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. Finally, Scotiabank raised shares of Teck Resources from an “outperform” rating to a “focus list” rating in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $30.06.
Teck Resources (TECK) traded down $0.21 during trading hours on Friday, hitting $27.20. 1,703,103 shares of the stock traded hands, compared to its average volume of 4,010,975. Teck Resources has a 12-month low of $14.56 and a 12-month high of $30.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.81. The stock has a market cap of $15,600.00, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.74 and a beta of 1.37.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a dividend of $0.04 per share. This is a boost from Teck Resources’s previous quarterly dividend of $0.04. This represents a $0.16 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, March 14th. Teck Resources’s dividend payout ratio (DPR) is 4.78%.
A number of hedge funds and other institutional investors have recently modified their holdings of TECK. Bartlett & Co. LLC purchased a new position in Teck Resources in the fourth quarter worth about $118,000. We Are One Seven LLC purchased a new position in Teck Resources in the fourth quarter worth about $162,000. C M Bidwell & Associates Ltd. purchased a new position in Teck Resources in the fourth quarter worth about $199,000. Private Advisor Group LLC purchased a new position in Teck Resources in the third quarter worth about $200,000. Finally, Cigna Investments Inc. New purchased a new position in Teck Resources in the fourth quarter worth about $204,000. 54.28% of the stock is owned by institutional investors.
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About Teck Resources
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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