Teck Resources (TECK) Scheduled to Post Earnings on Thursday

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

Teck Resources (NYSE:TECK) (TSE:TECK) last issued its earnings results on Wednesday, July 24th. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.32. Teck Resources had a net margin of 9.40% and a return on equity of 6.52%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. Teck Resources’s revenue for the quarter was up 10.1% on a year-over-year basis. 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 NYSE:TECK opened at $50.32 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.48. The firm has a fifty day moving average price of $48.75 and a 200 day moving average price of $48.73. Teck Resources has a fifty-two week low of $34.38 and a fifty-two week high of $55.13. The firm has a market cap of $25.71 billion, a price-to-earnings ratio of 22.27 and a beta of 1.02.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TECK. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Teck Resources in a research report on Thursday, July 25th. UBS Group upgraded shares of Teck Resources from a “neutral” rating to a “buy” rating and upped their target price for the stock from $76.00 to $78.00 in a research report on Wednesday, September 4th. Citigroup upgraded shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. Scotiabank upped their price target 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. Finally, CIBC upped their price target on shares of Teck Resources from $70.00 to $80.00 and gave the company an “outperformer” rating in a research note on Friday, July 12th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.