Teekay Tankers (TNK) Expected to Announce Quarterly Earnings on Thursday

Teekay Tankers (NYSE:TNK) will likely be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $2.69 per share and revenue of $145.90 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Teekay Tankers (NYSE:TNK) last issued its quarterly earnings data on Wednesday, February 19th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.01. The firm had revenue of $163.42 million for the quarter, compared to analyst estimates of $158.26 million. Teekay Tankers had a net margin of 34.55% and a return on equity of 20.67%. 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 Trading Up 2.8 %

Shares of TNK opened at $41.24 on Tuesday. The firm has a market cap of $1.41 billion, a P/E ratio of 3.64 and a beta of -0.43. Teekay Tankers has a 12-month low of $36.04 and a 12-month high of $74.20. The company’s 50-day moving average price is $41.32 and its 200 day moving average price is $47.52.

Teekay Tankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.43%. Teekay Tankers’s dividend payout ratio (DPR) is presently 8.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TNK. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price target on shares of Teekay Tankers in a research note on Thursday, February 20th. Bank of America reiterated an “underperform” rating and issued a $46.00 price target (down from $51.00) on shares of Teekay Tankers in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Teekay Tankers presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

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.