Teck Resources (TECK) to Release Earnings on Thursday

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK will be announcing its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last released its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.47 by $0.32. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $2.67 billion. Teck Resources had a return on equity of 6.52% and a net margin of 9.40%. The firm's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. On average, analysts expect Teck Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Teck Resources Stock Performance

Shares of NYSE:TECK traded up $0.21 during trading on Thursday, reaching $50.52. The company had a trading volume of 2,731,143 shares, compared to its average volume of 3,440,491. The firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of 24.70 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 0.77. The stock's fifty day moving average price is $48.40 and its 200 day moving average price is $48.62. Teck Resources has a fifty-two week low of $34.38 and a fifty-two week high of $55.13.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Citigroup raised Teck Resources to a "hold" rating in a report on Wednesday, October 2nd. Scotiabank boosted their target price on Teck Resources from $78.00 to $79.00 and gave the company a "sector outperform" rating in a report on Tuesday, October 8th. Benchmark reissued a "buy" rating and issued a $55.00 target price on shares of Teck Resources in a report on Thursday, July 25th. Morgan Stanley lifted their price target on Teck Resources from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, June 21st. Finally, UBS Group raised Teck Resources from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $76.00 to $78.00 in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $67.43.

Teck Resources Company Profile

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.