Teck Resources (NYSE:TECK – Get Rating) (TSE:TECK) announced its earnings results on Wednesday. The basic materials company reported $3.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $1.24, Briefing.com reports. The company had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.59 billion. Teck Resources had a return on equity of 18.76% and a net margin of 25.82%. Teck Resources's revenue for the quarter was up 126.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share.

Teck Resources Stock Up 0.2 %

Shares of TECK traded up $0.06 during trading hours on Thursday, hitting $27.27. 227,046 shares of the company were exchanged, compared to its average volume of 5,783,161. The company has a market cap of $14.23 billion, a PE ratio of 4.52, a PEG ratio of 1.83 and a beta of 1.25. The firm's 50 day moving average is $34.75 and its 200-day moving average is $36.57. Teck Resources has a 52 week low of $19.32 and a 52 week high of $45.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.34 and a current ratio of 1.92.

Teck Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.097 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.39 annualized dividend and a dividend yield of 1.42%. Teck Resources's dividend payout ratio (DPR) is presently 6.63%.

Wall Street Analyst Weigh In

Hedge Funds Weigh In On Teck Resources

Several large investors have recently made changes to their positions in the business. Advisory Services Network LLC lifted its position in shares of Teck Resources by 2.3% during the 1st quarter. Advisory Services Network LLC now owns 17,629 shares of the basic materials company's stock worth $712,000 after purchasing an additional 391 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Teck Resources by 205.2% during the 1st quarter. Neuberger Berman Group LLC now owns 119,497 shares of the basic materials company's stock worth $4,840,000 after purchasing an additional 80,342 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Teck Resources during the 1st quarter worth about $1,100,000. Weiss Multi Strategy Advisers LLC acquired a new position in shares of Teck Resources during the 1st quarter worth about $5,335,000. Finally, Wealth Architects LLC acquired a new position in shares of Teck Resources during the 1st quarter worth about $205,000. Institutional investors and hedge funds own 55.81% of the company's stock.

Teck Resources Company Profile

(Get Rating)

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, Energy, and Corporate segments. The company's principal products include steelmaking coal; copper, gold, blended bitumen, lead, silver, molybdenum, zinc, and zinc concentrates; chemicals, fertilizers, and other metals.

Recommended Stories

• Get a free copy of the StockNews.com research report on Teck Resources (TECK)
• Ford Stock Rallies As EV Strategy Takes Center Stage
• Should High Yield Altria Be In Your Portfolio?
• Is Keurig-Dr. Pepper A Value Worth Buying?
• C3.AI Stock is a Bargain Enterprise Artificial Intelligence Game Changer
• Did The FOMC Put A Bottom In The S&P 500?

Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.