Teekay (TK) Projected to Release Quarterly Earnings on Thursday

Key Points

• Teekay is expected to report Q3 2026 earnings after market close on October 29. Analysts project earnings of $0.09 per share on revenue of approximately $688.1 million.
• The company’s previous quarter significantly exceeded expectations, posting $0.79 EPS versus the $0.11 consensus estimate. Teekay reported a 15.78% net margin and 7.91% return on equity.
• TK shares were up 2.3% at $14.16, while analysts maintained a consensus “Buy” rating. However, insiders sold roughly 190,257 shares worth $2.6 million over the past 90 days.

Teekay (NYSE:TK - Get Free Report) is projected to post its Q3 2026 results after the market closes on Thursday, October 29th. Analysts expect the company to post earnings of $0.09 per share and revenue of $688.05 million for the quarter. Individuals are encouraged to explore the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, October 29, 2026 at 11:00 AM ET.

Teekay (NYSE:TK - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The shipping company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.68. Teekay had a return on equity of 7.91% and a net margin of 15.78%. During the same quarter last year, the firm earned $0.22 EPS.

Teekay Stock Up 2.3%

Shares of TK stock opened at $14.16 on Thursday. The business's fifty day moving average is $13.87 and its 200 day moving average is $12.66. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 6.81 and a beta of 0.33. Teekay has a twelve month low of $8.27 and a twelve month high of $15.90.

Insider Buying and Selling at Teekay

In other news, Director Heidi Simon sold 11,585 shares of Teekay stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $14.08, for a total transaction of $163,116.80. Following the completion of the transaction, the director directly owned 46,001 shares in the company, valued at approximately $647,694.08. This trade represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brody Speers sold 2,350 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $13.10, for a total value of $30,785.00. Following the completion of the sale, the chief financial officer directly owned 1,014 shares in the company, valued at approximately $13,283.40. This represents a 69.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 190,257 shares of company stock valued at $2,593,468 over the last ninety days. Company insiders own 2.38% of the company's stock.

Analysts Set New Price Targets

TK has been the topic of a number of research reports. Weiss Ratings upgraded shares of Teekay from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, October 12th. Wall Street Zen upgraded shares of Teekay from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of "Buy".

About Teekay

Teekay Corporation NYSE: TK is a marine transportation and logistics company focused on the energy industry. Through its interests in affiliated companies, Teekay has been involved in the ownership, operation and management of tankers and other vessels that transport crude oil, refined petroleum products and other energy-related cargoes.

The company's principal operating exposure is through Teekay Tankers Ltd., which provides seaborne transportation services for crude oil and refined petroleum products.

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