Teekay Tankers (TNK) Projected to Post Quarterly Earnings on Wednesday

Teekay Tankers (NYSE:TNK - Get Free Report) is expected to be announcing its Q2 2025 earnings results after the market closes on Wednesday, July 30th. Analysts expect the company to announce earnings of $1.59 per share and revenue of $162.67 million for the quarter.

Teekay Tankers (NYSE:TNK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The shipping company reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.32). Teekay Tankers had a net margin of 31.45% and a return on equity of 15.05%. The company had revenue of $115.64 million for the quarter, compared to analysts' expectations of $146.31 million. During the same quarter last year, the company earned $4.23 earnings per share. The company's revenue for the quarter was down 37.1% on a year-over-year basis. 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 Stock Performance

TNK stock traded down $0.69 during midday trading on Friday, reaching $44.18. 202,305 shares of the company traded hands, compared to its average volume of 393,060. Teekay Tankers has a 52-week low of $33.35 and a 52-week high of $65.89. The business has a 50 day moving average of $44.45 and a 200-day moving average of $41.95. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 4.74 and a beta of -0.04.

Teekay Tankers Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a dividend of $1.00 per share. The ex-dividend date was Monday, May 19th. This is an increase from Teekay Tankers's previous -- dividend of $0.25. This represents a yield of 2.3%. Teekay Tankers's dividend payout ratio is 10.72%.

Analyst Ratings Changes

TNK has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $55.00 target price on shares of Teekay Tankers in a research note on Thursday, May 8th. Evercore ISI dropped their price objective on Teekay Tankers from $53.00 to $51.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Teekay Tankers has a consensus rating of "Moderate Buy" and an average price target of $50.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Teekay Tankers by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,263 shares of the shipping company's stock valued at $546,000 after acquiring an additional 610 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Teekay Tankers by 107.2% in the 1st quarter. AQR Capital Management LLC now owns 83,626 shares of the shipping company's stock worth $3,200,000 after purchasing an additional 43,258 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Teekay Tankers by 24.9% in the 1st quarter. Millennium Management LLC now owns 254,641 shares of the shipping company's stock worth $9,745,000 after purchasing an additional 50,815 shares in the last quarter. Institutional investors own 52.67% of the company's stock.

About Teekay Tankers

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.