Teck Resources Ltd. (TSE:TCK) to Post Q2 2024 Earnings of $0.60 Per Share, B. Riley Forecasts

Teck Resources Ltd. (TSE:TCK) – Stock analysts at B. Riley raised their Q2 2024 EPS estimates for Teck Resources in a research note issued on Monday, April 29th. B. Riley analyst L. Pipes now forecasts that the company will earn $0.60 per share for the quarter, up from their prior forecast of $0.48. B. Riley also issued estimates for Teck Resources’ Q3 2024 earnings at $0.84 EPS, Q4 2024 earnings at $0.50 EPS, FY2024 earnings at $2.51 EPS, FY2025 earnings at $3.26 EPS and FY2026 earnings at $2.71 EPS.

Teck Resources Price Performance

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

Teck Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of ∞.