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 hedge fund recently raised its stake in Teekay stock. Geode Capital Management LLC grew its position in Teekay Co. (NYSE:TK) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 245,755 shares of the shipping company’s stock after acquiring an additional 39,881 shares during the period. Geode Capital Management LLC owned about 0.24% of Teekay worth $820,000 at the end of the most recent quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

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.

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About Teekay

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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Earnings History for Teekay (NYSE:TK)

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