Two analysts have issued estimates for Teekay Corporation's earnings, with estimates ranging from $498.31 million to $526.33 million. Teekay Corporation posted sales of $510.43 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.4%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 2nd. Equities analysts predict that Teekay Corporation will post ($1.36) earnings per share for the current year. For the next financial year, analysts forecast that the firm will post sales of $2.38 billion per share, with estimates ranging from $2.35 billion to $2.40 billion.
Teekay Corporation (TK) now the company's industry has 41.53 P/E and the sector P/E is 17.23. The analysts estimated EPS for the higher end at -0.42 and lower end at -0.57 while the year ago reported earnings per share was -0.16. The business had revenue of $513.90 million during the quarter, compared to analyst estimates of $503.65 million. However it has a net margin of -5.40%. Similarly, the company's last 5 years high P/E ratio is 8.79 and low P/E is 8.79, whereas, the industry's and sector's high P/E for the past year is 173.84 and 25.66 respectively and low P/E ratio for the last 5 years is 12.68 for the industry and 10.09 for the Sector. In contrast to the year ago quarter EPS was at 0.37.
A number of large investors have recently modified their holdings of the company. Royal Bank Of Canada reiterated a "hold" rating on shares of Teekay Corporation in a research note on Tuesday, May 9th.
Additionally on 7/27/16 Jefferies "Maintained" Teekay Shipping Corp (NYSE:TK) to Hold setting price target at $7 and on 5/31/16 Morgan Stanley "Maintained" the stock to Equal-Weight at $8. Finally, BidaskClub downgraded shares of Teekay Corporation from a "hold" rating to a "sell" rating in a report on Wednesday, July 12th.
In terms of Buy, Sell or Hold recommendations, Teekay Shipping Corp (NYSE:TK) has analysts' mean recommendation of 3.3. The company now has an average rating of "Hold" and an average price target of $5.33.
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Institutional investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. bought a new stake in shares of Teekay Corporation during the first quarter valued at approximately $176,000. Bank of New York Mellon Corp now owns 256,923 shares of the shipping company's stock valued at $2,351,000 after buying an additional 7,475 shares during the last quarter. Wellington Shields Capital Management LLC owned approximately 0.23% of Teekay Corporation worth $1,314,000 as of its most recent SEC filing. Russell Investments Group Ltd. acquired a new stake in shares of Teekay Corporation during the first quarter valued at about $154,000. Creative Planning now owns 21,500 shares of the shipping company's stock worth $197,000 after buying an additional 18,135 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Teekay Corporation by 9.1% in the fourth quarter. Teachers Advisors LLC now owns 92,892 shares of the shipping company's stock worth $746,000 after buying an additional 7,754 shares during the last quarter.
Teekay Shipping Corp (NYSE:TK) shares traded on -0.4% down secure line and closed at $9.86. With 2.37M shares average volume, it will take short sellers 6 days to cover their TK's short positions. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). Teekay Corporation has a 52-week low of $5.14 and a 52-week high of $11.77. The market capitalization of the company is at $861.37 Million.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Friday, August 4th will be issued a dividend of $0.055 per share.
The company has mean EPS estimate of -0.09 reported by 2 number of analyst for the quarter ending Current Qtr.(Sep2017). The ex-dividend date of this dividend is Wednesday, August 2nd.