Analysts Anticipate Teck Resources Ltd (TECK) to Announce $0.84 Earnings Per Share
Equities analysts expect Teck Resources Ltd (NYSE:TECK) (TSE:TECK) to announce $0.84 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Sixteen analysts have provided estimates for Teck Resources’ earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $0.70. Teck Resources posted earnings of $0.95 per share during the same quarter last year, which indicates a negative year over year growth rate of 11.6%. The business is expected to announce its next earnings report on Wednesday, February 13th.
According to Zacks, analysts expect that Teck Resources will report full-year earnings of $3.40 per share for the current year, with EPS estimates ranging from $2.93 to $4.36. For the next year, analysts anticipate that the business will report earnings of $2.94 per share, with EPS estimates ranging from $2.07 to $3.72. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Teck Resources.
Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings results on Wednesday, October 24th. The basic materials company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.11). Teck Resources had a net margin of 27.35% and a return on equity of 12.31%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.40 billion.
TECK stock traded down $0.33 during midday trading on Thursday, hitting $21.39. The company’s stock had a trading volume of 4,542,778 shares, compared to its average volume of 3,059,154. The company has a current ratio of 2.30, a quick ratio of 1.39 and a debt-to-equity ratio of 0.23. Teck Resources has a twelve month low of $18.17 and a twelve month high of $30.80. The firm has a market capitalization of $12.32 billion, a P/E ratio of 6.24, a PEG ratio of 0.61 and a beta of 1.60.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, December 13th. Teck Resources’s dividend payout ratio (DPR) is presently 4.37%.
Several institutional investors and hedge funds have recently made changes to their positions in TECK. Capital World Investors bought a new position in shares of Teck Resources in the 3rd quarter valued at about $513,470,000. Janus Henderson Group PLC grew its position in shares of Teck Resources by 452.2% in the 2nd quarter. Janus Henderson Group PLC now owns 7,561,492 shares of the basic materials company’s stock valued at $192,508,000 after acquiring an additional 6,192,051 shares during the period. Impala Asset Management LLC grew its position in shares of Teck Resources by 16.3% in the 3rd quarter. Impala Asset Management LLC now owns 15,107,521 shares of the basic materials company’s stock valued at $364,092,000 after acquiring an additional 2,119,601 shares during the period. Covalis Capital LLP boosted its holdings in shares of Teck Resources by 504.7% during the 2nd quarter. Covalis Capital LLP now owns 1,679,203 shares of the basic materials company’s stock worth $42,736,000 after buying an additional 1,401,503 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in shares of Teck Resources by 83.4% during the 2nd quarter. Toronto Dominion Bank now owns 2,410,538 shares of the basic materials company’s stock worth $61,803,000 after buying an additional 1,096,126 shares during the period. 53.46% of the stock is owned by institutional investors.
About Teck Resources
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.
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