Teekay Tankers (NYSE:TNK - Get Free Report) will release its earnings data before the market opens on Thursday, May 9th. Analysts expect Teekay Tankers to post earnings of $3.69 per share for the quarter.
Teekay Tankers (NYSE:TNK - Get Free Report) last posted its earnings results on Thursday, February 22nd. The shipping company reported $2.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.81). Teekay Tankers had a return on equity of 36.16% and a net margin of 37.65%. The business had revenue of $194.46 million during the quarter, compared to the consensus estimate of $219.93 million. On average, analysts expect Teekay Tankers to post $14 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Teekay Tankers Trading Up 4.6 %
NYSE TNK traded up $2.67 on Thursday, hitting $60.28. The company's stock had a trading volume of 389,116 shares, compared to its average volume of 425,818. The company has a current ratio of 4.40, a quick ratio of 4.02 and a debt-to-equity ratio of 0.08. Teekay Tankers has a 52-week low of $35.00 and a 52-week high of $64.42. The firm has a market cap of $2.07 billion, a P/E ratio of 4.03, a PEG ratio of 1.36 and a beta of -0.27. The company's 50-day simple moving average is $56.51 and its 200 day simple moving average is $54.08.
Teekay Tankers Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Friday, March 1st. Teekay Tankers's dividend payout ratio (DPR) is currently 6.73%.
Analyst Ratings Changes
Several brokerages recently issued reports on TNK. Bank of America upgraded shares of Teekay Tankers from a "neutral" rating to a "buy" rating and boosted their price target for the company from $56.00 to $72.00 in a research report on Friday, January 19th. Evercore ISI dropped their price target on Teekay Tankers from $77.00 to $73.00 and set an "outperform" rating on the stock in a research report on Friday, February 23rd. StockNews.com upgraded Teekay Tankers from a "hold" rating to a "buy" rating in a report on Thursday, March 21st. Finally, Jefferies Financial Group restated a "buy" rating and set a $70.00 target price on shares of Teekay Tankers in a report on Thursday, February 22nd.
Check Out Our Latest Report on TNK
About Teekay Tankers
(
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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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