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

Teck Resources (NYSE:TECK) (TSE:TECK) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Teck Resources to post earnings of $1.05 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.01. Teck Resources had a return on equity of 9.67% and a net margin of 16.21%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. 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 Down 2.7 %

Teck Resources stock opened at $45.86 on Tuesday. Teck Resources has a fifty-two week low of $34.38 and a fifty-two week high of $50.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.60 and a current ratio of 1.10. The company has a market capitalization of $23.41 billion, a P/E ratio of 13.37, a PEG ratio of 6.85 and a beta of 1.15. The stock has a 50-day simple moving average of $43.16 and a 200-day simple moving average of $40.21.

Teck Resources Cuts Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on TECK. JPMorgan Chase & Co. upped their price objective on Teck Resources from $44.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Benchmark upped their price objective on Teck Resources from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, April 8th. UBS Group began coverage on Teck Resources in a research note on Tuesday, January 16th. They set a “buy” rating for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $55.00 price objective on shares of Teck Resources in a research note on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Teck Resources presently has a consensus rating of “Moderate Buy” and an average target price of $62.80.

About Teck Resources

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.