Teekay Corporation (TK) Analysts See $-0.08 EPS on May, 17

Cornelia Mascio
Mag 18, 2018

Shareholders of record on Friday, May 4th will be paid a dividend of 0.055 per share by the shipping company on Wednesday, May 16th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Thursday, May 3rd.

Hite Hedge Asset Management Llc decreased its stake in Teekay Lng Partners LP (TGP) by 91.24% based on its latest 2017Q4 regulatory filing with the SEC. Teekay has a payout ratio of -19.0% indicating that the company can not now cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Since December 18, 2017 according to StockzIntelligence Inc Teekay Corp has 2 analyst reports.

News articles about Teekay (NYSE:TK) have trended somewhat positive this week, Accern Sentiment Analysis reports. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.31. The company now has an average rating of "Hold" and a consensus target price of $8.00. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 17.95 and a beta of 1.14.

Teekay (NYSE:TK) last announced its earnings results on Thursday, February 22nd. -27.27 % EPS growth is what analysts predict. $-0.11 EPS was published for previous quarter. Teekay had a negative net margin of 8.05% and a negative return on equity of 3.53%. The business had revenue of $122.00 million for the quarter, compared to analyst estimates of $111.54 million. The stock decreased 0.10% or $0.01 during the last trading session, reaching $9.7. Teekay's revenue for the quarter was down 40.8% compared to the same quarter last year. sell-side analysts forecast that Teekay will post 0.31 earnings per share for the current fiscal year.

Shares of NYSE TK opened at $9.00 on Thursday. Zacks Investment Research lowered Teekay Lng Partners from a "hold" rating to a "sell" rating in a report on Wednesday, February 28th. Finally, Morgan Stanley boosted their target price on Teekay Lng Partners from $15.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Monday, February 12th. ValuEngine downgraded shares of Teekay from a "sell" rating to a "strong sell" rating in a research report on Thursday, March 1st. "Buy" rating has 0, "Sell" are 0, while 4 are "Hold". The stock presently has a consensus rating of "Hold" and an average price target of $8.00.

Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally.The firm is valued at $895.87 million. It operates shuttle tankers, floating storage and offloading units, HiLoad dynamic positioning units, and long-distance towing and offshore installation vessels, as well as offers offshore accommodation, storage, and support for maintenance and modification projects.Last it reported negative earnings.

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