Teck Resources (TECK) Scheduled to Post Quarterly Earnings on Thursday

Teck Resources (NYSE:TECK) (TSE:TECK) will announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.05 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.11 billion. Teck Resources had a return on equity of 9.67% and a net margin of 16.21%. On average, analysts expect Teck Resources to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Teck Resources Stock Performance

Shares of TECK stock opened at $45.86 on Tuesday. The company has a market capitalization of $23.41 billion, a P/E ratio of 13.37, a P/E/G ratio of 6.85 and a beta of 1.15. The business’s 50 day moving average is $43.16 and its two-hundred day moving average is $40.21. The company has a current ratio of 1.10, a quick ratio of 0.60 and a debt-to-equity ratio of 0.21. Teck Resources has a 12-month low of $34.38 and a 12-month high of $50.46.

Teck Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.0925 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.37 dividend on an annualized basis and a yield of 0.81%. Teck Resources’s dividend payout ratio is currently 10.79%.

Wall Street Analysts Forecast Growth

TECK has been the topic of a number of recent analyst reports. UBS Group initiated coverage on Teck Resources in a research report on Tuesday, January 16th. They set a “buy” rating on the stock. JPMorgan Chase & Co. increased their price target on Teck Resources from $44.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Benchmark increased their price target on Teck Resources from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating and set a $55.00 target price on shares of Teck Resources in a report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $62.80.

Teck Resources Company Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.