Teck Resources Ltd. (TSE:TCK) to Post FY2024 Earnings of $4.71 Per Share, National Bank Financial Forecasts

Teck Resources Ltd. (TSE:TCK) – Equities researchers at National Bank Financial cut their FY2024 earnings per share estimates for Teck Resources in a report issued on Thursday, April 18th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $4.71 per share for the year, down from their prior estimate of $5.10.

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 (EPS) for the quarter, beating analysts’ consensus estimates of C$1.35 by C$0.05. The company had revenue of C$4.11 billion during the quarter, compared to analyst estimates of C$4.18 billion.

Teck Resources Announces Dividend

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