Raymond James Weighs in on Teck Resources Ltd.’s Q1 2024 Earnings (TSE:TCK)

Teck Resources Ltd. (TSE:TCK) – Equities research analysts at Raymond James cut their Q1 2024 earnings estimates for shares of Teck Resources in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.65 for the quarter, down from their prior forecast of $0.66.

Teck Resources Stock Performance

Teck Resources (TSE:TCK) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.35 by C$0.05. The company had revenue of C$4.11 billion for the quarter, compared to analysts’ expectations of C$4.18 billion.

Teck Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Thursday, March 14th.