Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Research analysts at National Bank Financial issued their Q3 2018 earnings per share estimates for Teck Resources in a report issued on Wednesday, Zacks Investment Research reports. National Bank Financial analyst S. Nagle anticipates that the basic materials company will post earnings per share of $1.14 for the quarter. National Bank Financial also issued estimates for Teck Resources’ Q4 2018 earnings at $1.14 EPS, FY2018 earnings at $4.45 EPS, FY2019 earnings at $4.20 EPS and FY2020 earnings at $3.66 EPS.
Teck Resources (NYSE:TECK) (TSE:TECK) last released its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.06). The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.28 billion. Teck Resources had a return on equity of 13.69% and a net margin of 20.83%. The company’s revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 EPS.
Teck Resources (NYSE TECK) traded up $0.46 during mid-day trading on Monday, hitting $27.41. The stock had a trading volume of 2,071,506 shares, compared to its average volume of 3,850,000. The company has a current ratio of 1.81, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. Teck Resources has a 12 month low of $14.56 and a 12 month high of $30.80. The company has a market capitalization of $15,720.00, a P/E ratio of 8.18, a P/E/G ratio of 0.72 and a beta of 1.37.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.58%. This is a boost from Teck Resources’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, March 14th. Teck Resources’s payout ratio is presently 4.78%.
A number of large investors have recently bought and sold shares of the business. QS Investors LLC grew its stake in Teck Resources by 13.7% in the fourth quarter. QS Investors LLC now owns 15,349 shares of the basic materials company’s stock valued at $402,000 after acquiring an additional 1,849 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Teck Resources by 2.8% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 89,600 shares of the basic materials company’s stock valued at $1,511,000 after acquiring an additional 2,400 shares during the period. Comerica Bank grew its stake in Teck Resources by 6.9% in the third quarter. Comerica Bank now owns 63,544 shares of the basic materials company’s stock valued at $1,319,000 after acquiring an additional 4,108 shares during the period. Oak Associates Ltd. OH grew its stake in Teck Resources by 5.3% in the third quarter. Oak Associates Ltd. OH now owns 83,874 shares of the basic materials company’s stock valued at $1,769,000 after acquiring an additional 4,250 shares during the period. Finally, Bartlett & Co. LLC acquired a new position in Teck Resources in the fourth quarter valued at about $118,000. 54.28% of the stock is owned by hedge funds and other institutional investors.
About Teck Resources
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.