Wall Street brokerages expect Teck Resources Limited (NYSE:TECK – Get Rating) (TSE:TECK) to report $3.64 billion in sales for the current quarter, according to Zacks. Sixteen analysts have issued estimates for Teck Resources’ earnings. The lowest sales estimate is $2.53 billion and the highest is $4.67 billion. Teck Resources posted sales of $2.08 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 75%. The business is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that Teck Resources will report full year sales of $15.06 billion for the current fiscal year, with estimates ranging from $12.96 billion to $19.74 billion. For the next year, analysts anticipate 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 calculations are a mean average based on a survey of sell-side analysts that follow Teck Resources.
Teck Resources (NYSE:TECK – Get Rating) (TSE:TECK) last announced its quarterly earnings results on Wednesday, April 27th. The basic materials company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $1.09. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.01 billion. Teck Resources had a net margin of 25.82% and a return on equity of 18.76%. The company’s revenue for the quarter was up 97.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Optimum Investment Advisors purchased a new stake in Teck Resources in the 1st quarter valued at about $40,000. Kistler Tiffany Companies LLC increased its stake in shares of Teck Resources by 95.9% during the 1st quarter. Kistler Tiffany Companies LLC now owns 1,056 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 517 shares during the last quarter. DeDora Capital Inc. purchased a new stake in shares of Teck Resources during the 1st quarter worth approximately $45,000. Financial Management Professionals Inc. increased its stake in shares of Teck Resources by 79.7% during the 1st quarter. Financial Management Professionals Inc. now owns 1,258 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 558 shares during the last quarter. Finally, Krane Funds Advisors LLC purchased a new stake in shares of Teck Resources during the 1st quarter worth approximately $53,000. Institutional investors own 55.81% of the company’s stock.
NYSE TECK traded down $1.41 on Friday, reaching $35.64. The company had a trading volume of 7,203,640 shares, compared to its average volume of 5,822,185. The firm has a market cap of $18.96 billion, a price-to-earnings ratio of 6.14, a P/E/G ratio of 0.13 and a beta of 1.13. Teck Resources has a fifty-two week low of $19.32 and a fifty-two week high of $44.93. The business has a 50 day moving average of $39.92 and a two-hundred day moving average of $33.74. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.92 and a quick ratio of 1.34.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, June 14th. This is a positive change from Teck Resources’s previous quarterly dividend of $0.10. Teck Resources’s dividend payout ratio is currently 6.47%.
About Teck Resources (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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