Teekay Tankers (NYSE:TNK – Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Teekay Tankers to post earnings of $3.69 per share for the quarter.
Teekay Tankers (NYSE:TNK – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The shipping company reported $2.87 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.81). Teekay Tankers had a net margin of 37.65% and a return on equity of 36.16%. The company had revenue of $194.46 million for the quarter, compared to the consensus estimate of $219.93 million. On average, analysts expect Teekay Tankers to post $14 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Teekay Tankers Stock Up 1.4 %
TNK stock opened at $58.44 on Thursday. Teekay Tankers has a twelve month low of $35.00 and a twelve month high of $64.42. The company has a quick ratio of 4.02, a current ratio of 4.40 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.00 billion, a PE ratio of 3.98, a price-to-earnings-growth ratio of 1.36 and a beta of -0.27. The business has a 50 day moving average of $56.51 and a 200 day moving average of $54.08.
Teekay Tankers Announces Dividend
Wall Street Analyst Weigh In
TNK has been the subject of a number of research analyst reports. Bank of America raised Teekay Tankers from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $56.00 to $72.00 in a report on Friday, January 19th. StockNews.com upgraded shares of Teekay Tankers from a “hold” rating to a “buy” rating in a research note on Thursday, March 21st. Jefferies Financial Group restated a “buy” rating and set a $70.00 target price on shares of Teekay Tankers in a research note on Thursday, February 22nd. Finally, Evercore ISI decreased their target price on shares of Teekay Tankers from $77.00 to $73.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd.
Get Our Latest Report on Teekay Tankers
Teekay Tankers Company Profile
Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.
See Also
- Five stocks we like better than Teekay Tankers
- What to Know About Investing in Penny Stocks
- Meta Stock: 3 Reasons This Stumble Is a Golden Buying Opportunity
- What Are the FAANG Stocks and Are They Good Investments?
- 3 Staples Stocks to Cushion Lower Consumer Sentiment
- 3 Small Caps With Big Return Potential
- Zillow’s Earnings Dip: An Opportunity for Visionaries
Receive News & Ratings for Teekay Tankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay Tankers and related companies with MarketBeat.com's FREE daily email newsletter.