Earnings Forecast Research on Teekay Tankers Ltd. (TNK)

Teekay Tankers Ltd. has received $0.04 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 5 Financial Advisor in the Stock Trading Firms. Among 5 Analysts, Bottom line EPS Estimate for the current quarter is $0 while the top line estimate is $0.11 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at -87.74%.

Teekay Tankers Ltd. reported better than expected with a surprise EPS of % or $-0.01 during its most recent quarterly earnings. The Actual EPS was $-0.01 compared to the Estimated EPS of $0.

Teekay Tankers Ltd. has a Price to Earnings ratio of 2.92 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 0.34. For the Most Recent Fiscal Year, Teekay Tankers Ltd. has a price to cash ratio of 1.24. For the Trailing twelve month period, company showed a Net Profit Margin of 18.95% and Return on Equity of the stock is 13.73%.

In the last quarter, Teekay Tankers Ltd. reported Annual Earnings of $-0.01. Based on the filings, last years Annual Earnings was, $1.29. The consensus estimate for current quarter is $0.04 and for the current fiscal year, the estimate is $0.58. For the Next fiscal year, the estimate is $0.19 based on the consensus.

Teekay Tankers Ltd. (NYSE:TNK) : On Tuesday heightened volatility was witnessed in Teekay Tankers Ltd. (NYSE:TNK) which led to swings in the share price. The stock opened for trading at $2.31 and hit $2.47 on the upside , eventually ending the session at $2.45, with a gain of 6.06% or 0.14 points. The heightened volatility saw the trading volume jump to 1,949,417 shares. The 52-week high of the share price is $4.8 and the company has a market cap of $383 million. The 52-week low of the share price is at $1.9 .

Teekay Tankers Ltd. is a Marshall Islands corporation recently formed by Teekay Corporation to provide international marine transportation of crude oil. Teekay Tankers Ltd. owns a fleet of nine double-hull Aframax-class oil tankers, which an affiliate of Teekay Corporation manages under a mix of spot-market trading and short- or medium-term fixed-rate time-charter contracts. In addition, Teekay Corporation will offer to Teekay Tankers Ltd. within eighteen months of the initial public offering the opportunity to purchase up to four Suezmax-class oil tankers. Teekay Tankers Ltd. intends to distribute on a quarterly basis all of its cash available for distribution, subject to any reserves established by its board of directors.

Teekay

Share this post

Leave a Reply