FY2023 EPS Estimates for Teck Resources Ltd. (TSE:TCK) Raised by Analyst

Teck Resources Ltd. (TSE:TCK – Get Rating) – Investment analysts at Raymond James boosted their FY2023 earnings estimates for Teck Resources in a report issued on Tuesday, April 19th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $6.16 per share for the year, up from their previous forecast of $5.37.

Teck Resources (TSE:TCK – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The company reported C$2.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$2.57 by C($0.03). The firm had revenue of C$4.41 billion during the quarter, compared to analyst estimates of C$4.72 billion.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of ∞. The ex-dividend date was Monday, March 14th. This is a boost from Teck Resources’s previous quarterly dividend of $0.05.

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