Teekay Tankers (TNK) Projected to Post Earnings on Wednesday

Teekay Tankers (NYSE:TNK - Get Free Report) is expected to announce 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 posted its earnings results on Wednesday, May 7th. The shipping company reported $1.21 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 business had revenue of $115.64 million for the quarter, compared to analyst estimates of $146.31 million. During the same quarter last year, the business earned $4.23 earnings per share. Teekay Tankers's revenue 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 Up 1.1%

Shares of NYSE:TNK traded up $0.48 during trading on Monday, reaching $44.65. 412,869 shares of the company's stock traded hands, compared to its average volume of 373,758. Teekay Tankers has a fifty-two week low of $33.35 and a fifty-two week high of $65.89. The firm has a market cap of $1.53 billion, a PE ratio of 4.79 and a beta of -0.04. The company has a 50-day simple moving average of $44.43 and a 200-day simple moving average of $41.94.

Teekay Tankers Increases Dividend

The firm also recently announced a -- dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, May 19th. This is a boost from Teekay Tankers's previous -- dividend of $0.25. This represents a dividend yield of 2.3%. Teekay Tankers's dividend payout ratio (DPR) is 10.72%.

Institutional Trading of Teekay Tankers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in Teekay Tankers by 24.9% in the first quarter. Millennium Management LLC now owns 254,641 shares of the shipping company's stock valued at $9,745,000 after purchasing an additional 50,815 shares during the period. AQR Capital Management LLC grew its stake in shares of Teekay Tankers by 107.2% during the first 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, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Teekay Tankers by 4.5% in the first 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. Hedge funds and other institutional investors own 52.67% of the company's stock.

Analyst Ratings Changes

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

Teekay Tankers Company Profile

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.