Teekay Tankers (NYSE:TNK) is set to release its earnings data before the market opens on Thursday, August 1st. Analysts expect Teekay Tankers to post earnings of ($0.08) per share for the quarter.
Teekay Tankers (NYSE:TNK) last issued its earnings results on Thursday, May 23rd. The shipping company reported $0.05 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. Teekay Tankers had a negative net margin of 2.56% and a negative return on equity of 1.91%. The firm had revenue of $135.16 million during the quarter, compared to the consensus estimate of $141.14 million. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. The business’s quarterly revenue was up 52.8% on a year-over-year basis.
Shares of NYSE:TNK opened at $1.22 on Wednesday. Teekay Tankers has a 52 week low of $0.87 and a 52 week high of $1.42. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.03 and a quick ratio of 0.83. The company has a market capitalization of $328.99 million, a P/E ratio of -6.10 and a beta of 1.09. The firm has a 50 day moving average price of $1.23.
Separately, Zacks Investment Research downgraded shares of Eisai from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $1.13.
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.
See Also: What is systematic risk?
Receive News & Ratings for Teekay Tankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay Tankers and related companies with MarketBeat.com's FREE daily email newsletter.