Teekay (NYSE:TK) Announces Earnings Results

Teekay (NYSE:TK) issued its quarterly earnings results on Wednesday. The shipping company reported $0.19 earnings per share for the quarter, Zacks reports. Teekay had a return on equity of 6.56% and a net margin of 11.05%.

Teekay Price Performance

NYSE TK traded down $0.05 on Wednesday, hitting $6.98. 499,405 shares of the company were exchanged, compared to its average volume of 657,769. The company’s 50 day moving average price is $6.97 and its 200-day moving average price is $7.73. The firm has a market capitalization of $640.58 million, a P/E ratio of 4.65 and a beta of 0.51. Teekay has a twelve month low of $5.98 and a twelve month high of $9.95.

About Teekay

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.