Wall Street brokerages expect Teekay Tankers Ltd. (NYSE:TNK) to report earnings per share of $2.07 for the current quarter, according to Zacks. Two analysts have made estimates for Teekay Tankers’ earnings. The highest EPS estimate is $3.28 and the lowest is $1.12. Teekay Tankers posted earnings of $0.40 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 417.5%. The business is expected to announce its next earnings report on Thursday, February 20th.
On average, analysts expect that Teekay Tankers will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $0.88 to $2.64. For the next year, analysts expect that the firm will report earnings of $4.64 per share, with EPS estimates ranging from $3.04 to $6.88. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Teekay Tankers.
Teekay Tankers (NYSE:TNK) last announced its quarterly earnings results on Wednesday, November 13th. The shipping company reported ($0.64) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.08. Teekay Tankers had a negative return on equity of 0.49% and a negative net margin of 1.19%. The company had revenue of $182.30 million during the quarter, compared to analysts’ expectations of $95.10 million. During the same period last year, the business earned ($0.56) earnings per share. Teekay Tankers’s quarterly revenue was up 3.6% on a year-over-year basis.
Shares of NYSE TNK opened at $18.55 on Friday. The stock has a market capitalization of $634.47 million, a price-to-earnings ratio of -11.59, a PEG ratio of 3.98 and a beta of 1.18. Teekay Tankers has a 12 month low of $6.96 and a 12 month high of $21.03. The firm’s 50 day simple moving average is $4.87 and its 200-day simple moving average is $2.13. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.89 and a quick ratio of 0.71.
Several institutional investors have recently bought and sold shares of TNK. Bank of Montreal Can lifted its position in shares of Teekay Tankers by 175.7% during the 2nd quarter. Bank of Montreal Can now owns 22,144 shares of the shipping company’s stock valued at $28,000 after buying an additional 14,111 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in Teekay Tankers during the second quarter valued at $33,000. Virtu Financial LLC lifted its holdings in Teekay Tankers by 12.9% during the third quarter. Virtu Financial LLC now owns 39,781 shares of the shipping company’s stock valued at $52,000 after purchasing an additional 4,547 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Teekay Tankers in the second quarter valued at about $65,000. Finally, Jefferies Group LLC acquired a new stake in shares of Teekay Tankers in the second quarter valued at about $87,000. Institutional investors and hedge funds own 24.85% of the company’s stock.
Teekay Tankers Company Profile
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Conventional Tanker and Ship-to-ship Transfer (STS). The company offers voyage and time charter services; and offshore STS transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products.
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