Teekay Tankers (TNK) Projected to Post Quarterly Earnings on Thursday

Teekay Tankers (NYSE:TNK) is expected to release its Q1 2025 earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $1.34 per share and revenue of $146.31 million for the quarter.

Teekay Tankers (NYSE:TNK) last released its 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. The firm had revenue of $163.42 million during the quarter, compared to analysts’ expectations of $158.26 million. Teekay Tankers had a net margin of 34.55% and a return on equity of 20.67%. On average, analysts expect Teekay Tankers to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Teekay Tankers Price Performance

NYSE TNK opened at $46.18 on Tuesday. The company’s fifty day moving average is $38.66 and its two-hundred day moving average is $41.11. Teekay Tankers has a 52-week low of $33.35 and a 52-week high of $74.20. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 4.08 and a beta of -0.10.

Teekay Tankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Monday, March 3rd. Teekay Tankers’s dividend payout ratio (DPR) is presently 8.83%.

Analyst Ratings Changes

TNK has been the subject of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 price target on shares of Teekay Tankers in a report on Thursday, February 20th. Evercore ISI lowered their price objective on Teekay Tankers from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $50.67.

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.