B. Riley Weighs in on Teck Resources Ltd’s Q1 2019 Earnings (TECK)

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Investment analysts at B. Riley issued their Q1 2019 earnings per share (EPS) estimates for shares of Teck Resources in a report issued on Tuesday, February 19th. B. Riley analyst L. Pipes expects that the basic materials company will earn $0.73 per share for the quarter. B. Riley also issued estimates for Teck Resources’ Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.69 EPS, Q4 2019 earnings at $0.63 EPS, FY2019 earnings at $2.64 EPS, FY2020 earnings at $2.08 EPS, FY2021 earnings at $2.05 EPS and FY2022 earnings at $2.33 EPS.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings results on Wednesday, February 13th. The basic materials company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Teck Resources had a return on equity of 10.81% and a net margin of 24.75%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share.

Other equities analysts have also recently issued reports about the company. CIBC reiterated a “buy” rating on shares of Teck Resources in a research report on Tuesday, October 30th. Canaccord Genuity reiterated a “buy” rating on shares of Teck Resources in a research report on Tuesday, October 30th. Scotiabank reiterated a “buy” rating on shares of Teck Resources in a research report on Tuesday, October 30th. TD Securities reiterated a “buy” rating on shares of Teck Resources in a research report on Sunday, October 28th. Finally, Deutsche Bank set a $35.00 price target on Teck Resources and gave the company a “buy” rating in a research report on Monday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $29.33.

Shares of NYSE TECK opened at $23.75 on Thursday. The firm has a market capitalization of $13.02 billion, a PE ratio of 7.56, a P/E/G ratio of 0.73 and a beta of 1.24. Teck Resources has a fifty-two week low of $18.17 and a fifty-two week high of $30.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.11 and a quick ratio of 1.29.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its position in Teck Resources by 2,675.5% during the second quarter. Advisors Asset Management Inc. now owns 4,191 shares of the basic materials company’s stock worth $107,000 after buying an additional 4,040 shares in the last quarter. Riverhead Capital Management LLC grew its position in Teck Resources by 246.7% during the third quarter. Riverhead Capital Management LLC now owns 5,200 shares of the basic materials company’s stock worth $124,000 after buying an additional 3,700 shares in the last quarter. Quadrant Capital Group LLC grew its position in Teck Resources by 130.8% during the fourth quarter. Quadrant Capital Group LLC now owns 5,457 shares of the basic materials company’s stock worth $113,000 after buying an additional 3,093 shares in the last quarter. We Are One Seven LLC purchased a new position in Teck Resources during the fourth quarter worth about $131,000. Finally, Cerebellum GP LLC purchased a new position in Teck Resources during the fourth quarter worth about $145,000. Institutional investors own 53.22% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Thursday, March 14th. Teck Resources’s dividend payout ratio (DPR) is presently 4.78%.

Teck Resources Company Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.

See Also: Balance Sheet

Earnings History and Estimates for Teck Resources (NYSE:TECK)

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