Teekay Tankers (TNK) Expected to Announce Quarterly Earnings on Thursday

Teekay Tankers (NYSE:TNK) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $2.69 per share and revenue of $145.90 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Teekay Tankers (NYSE:TNK) last announced its quarterly earnings results on Wednesday, February 19th. The shipping company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.49 by $0.01. Teekay Tankers had a return on equity of 24.27% and a net margin of 35.44%. On average, analysts expect Teekay Tankers to post $10 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Teekay Tankers Stock Down 0.4 %

Shares of TNK stock opened at $40.74 on Thursday. Teekay Tankers has a 12 month low of $36.04 and a 12 month high of $74.20. The business’s 50 day moving average is $41.15 and its two-hundred day moving average is $47.90. The company has a market cap of $1.40 billion, a PE ratio of 3.34 and a beta of -0.43.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TNK shares. Bank of America reiterated an “underperform” rating and set a $46.00 price target (down previously from $51.00) on shares of Teekay Tankers in a report on Wednesday, November 13th. Jefferies Financial Group lowered their price objective on shares of Teekay Tankers from $72.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Teekay Tankers currently has an average rating of “Moderate Buy” and a consensus price target of $63.67.

Teekay Tankers Company Profile

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.