Teck Resources Ltd. (TSE:TCK) Forecasted to Post Q1 2024 Earnings of $0.66 Per Share

Teck Resources Ltd. (TSE:TCK) – Investment analysts at Raymond James reduced their Q1 2024 EPS estimates for Teck Resources in a research report issued to clients and investors on Tuesday, April 9th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.66 per share for the quarter, down from their previous estimate of $1.06. Raymond James also issued estimates for Teck Resources’ Q2 2024 earnings at $0.73 EPS, Q3 2024 earnings at $1.11 EPS and FY2024 earnings at $2.90 EPS.

Teck Resources Price Performance

Teck Resources (TSE:TCK) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.35 by C$0.05. The firm had revenue of C$4.11 billion for the quarter, compared to the consensus estimate of C$4.18 billion.

Teck Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.50 annualized dividend and a dividend yield of ∞.