Wall Street brokerages expect that Teekay Co. (NYSE:TK) will report sales of $530.62 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Teekay’s earnings, with the lowest sales estimate coming in at $508.35 million and the highest estimate coming in at $552.90 million. Teekay reported sales of $510.97 million in the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The firm is expected to announce its next quarterly earnings results before the market opens on Thursday, February 22nd.

On average, analysts expect that Teekay will report full year sales of $530.62 million for the current year, with estimates ranging from $1.93 billion to $1.99 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.35 billion per share, with estimates ranging from $2.34 billion to $2.36 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Teekay.

TK has been the subject of a number of analyst reports. Zacks Investment Research downgraded Teekay from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 24th. Morgan Stanley boosted their price objective on Teekay from $3.00 to $6.00 and gave the stock an “underweight” rating in a research report on Monday, February 12th. ValuEngine raised Teekay from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Jefferies Group initiated coverage on Teekay in a research report on Monday, December 18th. They set a “hold” rating and a $8.00 price objective for the company. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Teekay has a consensus rating of “Hold” and an average target price of $8.00.

Teekay (NYSE TK) opened at $7.47 on Monday. Teekay has a 52-week low of $5.14 and a 52-week high of $11.15. The company has a market capitalization of $674.22, a PE ratio of -4.53 and a beta of 1.44. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.70 and a current ratio of 0.70.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Friday, February 2nd were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, February 1st. Teekay’s dividend payout ratio (DPR) is -13.33%.

A number of institutional investors and hedge funds have recently made changes to their positions in TK. Macquarie Group Ltd. acquired a new position in Teekay in the fourth quarter valued at approximately $103,000. Jane Street Group LLC acquired a new position in Teekay in the fourth quarter valued at approximately $107,000. Voya Investment Management LLC boosted its holdings in Teekay by 25.8% in the second quarter. Voya Investment Management LLC now owns 22,518 shares of the shipping company’s stock valued at $150,000 after purchasing an additional 4,617 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Teekay in the third quarter valued at approximately $212,000. Finally, MetLife Investment Advisors LLC acquired a new position in Teekay in the fourth quarter valued at approximately $212,000. 26.32% of the stock is owned by hedge funds and other institutional investors.

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Teekay Company Profile

Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the operations in the offshore production, storage and transportation sector.

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