Teekay Tankers (TNK) Projected to Post Quarterly Earnings on Thursday

Teekay Tankers (NYSE:TNK) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $2.69 per share and revenue of $145.90 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Teekay Tankers (NYSE:TNK) last released its earnings results on Wednesday, February 19th. The shipping company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. Teekay Tankers had a return on equity of 20.67% and a net margin of 34.55%. The firm had revenue of $163.42 million for the quarter, compared to analysts’ expectations of $158.26 million. On average, analysts expect Teekay Tankers to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Teekay Tankers Trading Down 2.8 %

NYSE TNK opened at $40.13 on Wednesday. Teekay Tankers has a 12 month low of $36.04 and a 12 month high of $74.20. The stock has a market cap of $1.38 billion, a P/E ratio of 3.55 and a beta of -0.43. The stock’s fifty day moving average price is $41.37 and its 200-day moving average price is $47.42.

Teekay Tankers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. Teekay Tankers’s dividend payout ratio is currently 8.83%.

Wall Street Analysts Forecast Growth

TNK has been the topic of a number of recent research reports. Bank of America reissued an “underperform” rating and issued a $46.00 target price (down from $51.00) on shares of Teekay Tankers in a research note on Wednesday, November 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 price objective on shares of Teekay Tankers in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Teekay Tankers currently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

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.