Brokerages expect Teck Resources Ltd (NYSE:TECK) (TSE:TECK) to report earnings per share of $0.66 for the current fiscal quarter, according to Zacks. Fifteen analysts have provided estimates for Teck Resources’ earnings. The highest EPS estimate is $0.81 and the lowest is $0.48. Teck Resources reported earnings of $0.87 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 24.1%. The business is expected to report its next quarterly earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Teck Resources will report full-year earnings of $2.84 per share for the current year, with EPS estimates ranging from $2.10 to $3.43. For the next fiscal year, analysts expect that the firm will report earnings of $2.57 per share, with EPS estimates ranging from $1.81 to $3.49. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Teck Resources.
Teck Resources (NYSE:TECK) (TSE:TECK) last posted its earnings results on Tuesday, April 23rd. The basic materials company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Teck Resources had a return on equity of 9.59% and a net margin of 23.71%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the business earned $1.31 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the company. Wetherby Asset Management Inc. lifted its stake in shares of Teck Resources by 1.7% in the 4th quarter. Wetherby Asset Management Inc. now owns 27,779 shares of the basic materials company’s stock valued at $598,000 after acquiring an additional 454 shares during the last quarter. Shell Asset Management Co. lifted its stake in shares of Teck Resources by 1.1% in the 1st quarter. Shell Asset Management Co. now owns 45,078 shares of the basic materials company’s stock valued at $1,043,000 after acquiring an additional 500 shares during the last quarter. Creative Planning lifted its stake in shares of Teck Resources by 1.5% in the 4th quarter. Creative Planning now owns 58,187 shares of the basic materials company’s stock valued at $1,253,000 after acquiring an additional 842 shares during the last quarter. JCIC Asset Management Inc. lifted its stake in shares of Teck Resources by 0.3% in the 1st quarter. JCIC Asset Management Inc. now owns 294,008 shares of the basic materials company’s stock valued at $6,810,000 after acquiring an additional 960 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Teck Resources by 27.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,433 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 1,383 shares during the last quarter. Hedge funds and other institutional investors own 56.98% of the company’s stock.
Teck Resources stock traded up $0.37 during midday trading on Thursday, hitting $20.62. 105,289 shares of the company’s stock were exchanged, compared to its average volume of 2,849,901. Teck Resources has a 52-week low of $18.17 and a 52-week high of $30.11. The company has a quick ratio of 2.06, a current ratio of 2.95 and a debt-to-equity ratio of 0.23. The stock has a market cap of $11.49 billion, a price-to-earnings ratio of 6.57 and a beta of 1.25.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.037 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, June 13th. Teck Resources’s payout ratio is currently 4.78%.
About Teck Resources
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include 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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