Wall Street analysts expect Teck Resources Ltd (NYSE:TECK) (TSE:TECK) to report $0.72 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Teck Resources’ earnings. The lowest EPS estimate is $0.64 and the highest is $0.90. The business is expected to report its next quarterly earnings results before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that Teck Resources will report full-year earnings of $3.26 per share for the current financial year, with EPS estimates ranging from $2.71 to $3.92. For the next fiscal year, analysts expect that the firm will report earnings of $2.38 per share, with EPS estimates ranging from $1.23 to $3.43. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Teck Resources.
Teck Resources (NYSE:TECK) (TSE:TECK) last announced its earnings results on Tuesday, April 25th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by $0.16. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Teck Resources had a return on equity of 10.02% and a net margin of 14.37%. The business’s revenue was up 70.4% compared to the same quarter last year.
Several research analysts have recently issued reports on the company. Credit Suisse Group reissued an “outperform” rating on shares of Teck Resources in a research note on Tuesday, April 18th. J P Morgan Chase & Co raised Teck Resources from a “neutral” rating to an “overweight” rating in a research note on Tuesday, May 30th. Deutsche Bank AG raised Teck Resources from a “hold” rating to a “buy” rating and increased their price target for the stock from $24.00 to $25.00 in a research note on Tuesday, March 21st. Berenberg Bank raised Teck Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, March 22nd. Finally, Clarkson Capital reissued a “buy” rating on shares of Teck Resources in a research note on Friday, May 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $25.89.
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Teck Resources (NYSE TECK) opened at 17.58 on Wednesday. Teck Resources has a 12 month low of $12.62 and a 12 month high of $26.60. The stock’s 50 day moving average is $17.51 and its 200-day moving average is $20.79. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 13.28 and a beta of 1.22.
The firm also recently announced a semiannual dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were issued a dividend of $0.0741 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This is a positive change from Teck Resources’s previous semiannual dividend of $0.04. This represents a yield of 0.72%. Teck Resources’s payout ratio is currently 7.69%.
About Teck Resources
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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