Teck Resources (TECK) to Release Earnings on Tuesday

Teck Resources (NYSE:TECK) (TSE:TECK) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of $1.13 per share for the quarter.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.06). The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.28 billion. Teck Resources had a return on equity of 13.69% and a net margin of 20.83%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 earnings per share. On average, analysts expect Teck Resources to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

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Shares of Teck Resources stock opened at $26.13 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.81. The company has a market cap of $15,087.22, a PE ratio of 7.62, a P/E/G ratio of 0.68 and a beta of 1.50. Teck Resources has a twelve month low of $14.56 and a twelve month high of $30.80.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.61%. This is a boost from Teck Resources’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 14th. Teck Resources’s dividend payout ratio is presently 4.66%.

TECK has been the topic of a number of research reports. Zacks Investment Research upgraded Teck Resources from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, January 31st. Bank of America set a $36.00 price target on Teck Resources and gave the stock a “buy” rating in a research report on Friday, February 9th. ValuEngine cut Teck Resources from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 2nd. Deutsche Bank increased their price target on Teck Resources from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, April 11th. Finally, Morgan Stanley increased their price target on Teck Resources from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $31.05.

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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.

Earnings History for Teck Resources (NYSE:TECK)

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