FY2018 EPS Estimates for Teck Resources Ltd. Lifted by Analyst (TCK)

Teck Resources Ltd. (TSE:TCK) – Research analysts at National Bank Financial increased their FY2018 earnings per share (EPS) estimates for Teck Resources in a note issued to investors on Tuesday, December 4th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $4.65 per share for the year, up from their previous forecast of $4.54. National Bank Financial also issued estimates for Teck Resources’ FY2019 earnings at $4.23 EPS and FY2020 earnings at $3.48 EPS.

Teck Resources (TSE:TCK) last released its quarterly earnings results on Wednesday, October 24th. The company reported C$0.80 EPS for the quarter, missing analysts’ consensus estimates of C$0.94 by C($0.14). The business had revenue of C$3.21 billion for the quarter, compared to the consensus estimate of C$3.12 billion.

A number of other analysts also recently commented on TCK. MKM Partners reiterated a “buy” rating on shares of Teck Resources in a report on Friday, October 19th. Seaport Global Securities upgraded shares of Teck Resources from a “neutral” rating to a “buy” rating in a report on Monday, October 15th.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of ∞.

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Earnings History and Estimates for Teck Resources (TSE:TCK)

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