Teekay Tankers (NYSE:TNK - Get Free Report) is projected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $2.69 per share and revenue of $145.90 million for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.
Teekay Tankers (NYSE:TNK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.01. Teekay Tankers had a net margin of 34.55% and a return on equity of 20.67%. The company had revenue of $163.42 million for the quarter, compared to the consensus estimate of $158.26 million. On average, analysts expect Teekay Tankers to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Teekay Tankers Trading Down 0.4 %
Shares of NYSE TNK traded down $0.17 during midday trading on Friday, reaching $40.13. The company's stock had a trading volume of 601,875 shares, compared to its average volume of 418,256. Teekay Tankers has a fifty-two week low of $36.04 and a fifty-two week high of $74.20. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 3.55 and a beta of -0.43. The stock has a 50 day simple moving average of $41.24 and a 200-day simple moving average of $47.68.
Teekay Tankers Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.49%. Teekay Tankers's payout ratio is 8.83%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on TNK shares. Jefferies Financial Group restated a "buy" rating and set a $55.00 target price on shares of Teekay Tankers in a report on Thursday. Bank of America restated an "underperform" rating and set a $46.00 target price (down from $51.00) on shares of Teekay Tankers in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Teekay Tankers has a consensus rating of "Moderate Buy" and an average target price of $62.00.
Check Out Our Latest Research Report on Teekay Tankers
Teekay Tankers Company Profile
(
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Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.
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