Teekay (TK) to Release Quarterly Earnings on Thursday
Teekay (NYSE:TK) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 23rd. Analysts expect Teekay to post earnings of ($0.09) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Teekay (NYSE:TK) last released its earnings results on Thursday, February 21st. The shipping company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.07. Teekay had a negative net margin of 4.64% and a negative return on equity of 1.82%. The business had revenue of $374.30 million during the quarter. During the same period last year, the business posted ($0.11) EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, analysts expect Teekay to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of TK opened at $4.31 on Wednesday. Teekay has a one year low of $2.92 and a one year high of $8.37. The stock has a market capitalization of $427.89 million, a PE ratio of -8.13 and a beta of 1.43. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.62.
A number of research analysts have recently commented on TK shares. Zacks Investment Research raised shares of Teekay from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. ValuEngine raised shares of Teekay from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Teekay presently has a consensus rating of “Hold” and an average target price of $6.81.
Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. It operates shuttle tankers; floating production, storage, and offloading units; floating storage and offloading units; HiLoad dynamic positioning units; long-distance towing and offshore installation vessels; and conventional tankers.
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