Analysts predict that Teck Resources Limited (NYSE:TECK – Get Rating) (TSE:TECK) will post $3.64 billion in sales for the current quarter, Zacks reports. Sixteen analysts have issued estimates for Teck Resources’ earnings, with estimates ranging from $2.53 billion to $4.67 billion. Teck Resources posted sales of $2.08 billion during the same quarter last year, which suggests a positive year over year growth rate of 75%. The company is expected to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Teck Resources will report full-year sales of $15.06 billion for the current year, with estimates ranging from $12.96 billion to $19.74 billion. For the next financial year, analysts expect that the firm will post sales of $13.68 billion, with estimates ranging from $10.60 billion to $19.58 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Teck Resources.
Teck Resources (NYSE:TECK – Get Rating) (TSE:TECK) last announced its earnings results on Wednesday, April 27th. The basic materials company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $1.87 by $1.09. Teck Resources had a return on equity of 18.76% and a net margin of 25.82%. The firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The firm’s revenue for the quarter was up 97.6% on a year-over-year basis.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Optimum Investment Advisors acquired a new stake in shares of Teck Resources in the first quarter worth about $40,000. Kistler Tiffany Companies LLC lifted its position in shares of Teck Resources by 95.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,056 shares of the basic materials company’s stock worth $43,000 after buying an additional 517 shares during the last quarter. DeDora Capital Inc. acquired a new stake in shares of Teck Resources in the first quarter worth about $45,000. Cornerstone Advisory LLC acquired a new stake in shares of Teck Resources in the fourth quarter worth about $46,000. Finally, Financial Management Professionals Inc. lifted its position in shares of Teck Resources by 79.7% in the first quarter. Financial Management Professionals Inc. now owns 1,258 shares of the basic materials company’s stock worth $51,000 after buying an additional 558 shares during the last quarter. 55.81% of the stock is owned by hedge funds and other institutional investors.
Shares of TECK stock traded up $1.52 during mid-day trading on Friday, hitting $37.16. 3,936,190 shares of the stock traded hands, compared to its average volume of 6,372,805. Teck Resources has a twelve month low of $19.32 and a twelve month high of $44.93. The firm has a market cap of $19.76 billion, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 0.12 and a beta of 1.13. The company’s 50-day simple moving average is $39.76 and its 200-day simple moving average is $33.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.34 and a current ratio of 1.92.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be given a dividend of $0.10 per share. This is a boost from Teck Resources’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, June 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. Teck Resources’s dividend payout ratio (DPR) is presently 6.47%.
Teck Resources Company Profile (Get Rating)
Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, Energy, and Corporate segments. The company's principal products include steelmaking coal; copper, gold, blended bitumen, lead, silver, molybdenum, zinc, and zinc concentrates; chemicals, fertilizers, and other metals.
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