Teekay Co. (TK) Expected to Announce Earnings of $0.15 Per Share
Equities analysts expect Teekay Co. (NYSE:TK) to report earnings per share of $0.15 for the current quarter, Zacks reports. Two analysts have provided estimates for Teekay’s earnings. Teekay posted earnings per share of ($0.22) during the same quarter last year, which would suggest a positive year over year growth rate of 168.2%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Teekay will report full-year earnings of ($1.16) per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $0.81 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Teekay.
Teekay (NYSE:TK) last issued its earnings results on Thursday, November 9th. The shipping company reported ($0.41) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.03. Teekay had a negative net margin of 6.66% and a negative return on equity of 3.48%. The company had revenue of $500.80 million for the quarter, compared to analysts’ expectations of $475.32 million. During the same period in the prior year, the business earned ($0.23) EPS. The firm’s quarterly revenue was down 8.5% on a year-over-year basis.
Shares of Teekay (NYSE TK) traded down $0.38 during trading on Wednesday, reaching $7.71. 3,535,901 shares of the company’s stock traded hands, compared to its average volume of 2,121,563. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.28. Teekay has a one year low of $5.14 and a one year high of $11.15. The company has a market cap of $678.03, a PE ratio of -4.73 and a beta of 1.46.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.85%. The ex-dividend date is Thursday, February 1st. Teekay’s payout ratio is -13.50%.
Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of Teekay by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 618,000 shares of the shipping company’s stock valued at $4,122,000 after buying an additional 3,433 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Teekay by 25.8% during the second quarter. Voya Investment Management LLC now owns 22,518 shares of the shipping company’s stock valued at $150,000 after buying an additional 4,617 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Teekay by 8.2% during the second quarter. Rhumbline Advisers now owns 67,404 shares of the shipping company’s stock valued at $450,000 after buying an additional 5,105 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Teekay by 9.4% during the second quarter. Teachers Advisors LLC now owns 99,731 shares of the shipping company’s stock valued at $665,000 after buying an additional 8,608 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Teekay by 8.7% during the second quarter. TIAA CREF Investment Management LLC now owns 154,365 shares of the shipping company’s stock valued at $1,030,000 after buying an additional 12,344 shares during the last quarter. Institutional investors own 26.32% of the company’s stock.
Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the operations in the offshore production, storage and transportation sector.
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