Teck Resources (TECK) Scheduled to Post Earnings on Thursday

Teck Resources (NYSE:TECK) (TSE:TECK) is set to release its earnings data before the market opens on Thursday, October 24th. Analysts expect Teck Resources to post earnings of $0.44 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.32. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $2.67 billion. Teck Resources had a net margin of 9.40% and a return on equity of 6.52%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. On average, analysts expect Teck Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Teck Resources Price Performance

Shares of Teck Resources stock opened at $50.32 on Wednesday. The firm has a market cap of $25.71 billion, a PE ratio of 22.27 and a beta of 1.02. Teck Resources has a 12-month low of $34.38 and a 12-month high of $55.13. The company has a quick ratio of 0.77, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $48.75 and its two-hundred day simple moving average is $48.73.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TECK. Scotiabank lifted their target price on shares of Teck Resources from $78.00 to $79.00 and gave the company a “sector outperform” rating in a research note on Tuesday, October 8th. Paradigm Capital raised shares of Teck Resources to a “moderate buy” rating in a research note on Friday, July 26th. TD Securities raised shares of Teck Resources to a “strong-buy” rating in a research note on Tuesday, July 16th. Citigroup raised shares of Teck Resources to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Teck Resources in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.43.

Teck Resources Company Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.