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Teekay Corporation (DE:EI5)
FRANKFURT:EI5
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2018
|% Change Since: 162.84%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call highlights Teekay Group's strategic organizational realignment, strong financial position, and shareholder value initiatives as significant positives. However, it also notes challenges related to seasonal downturns in tanker rates and limited time charter opportunities. The overall sentiment leans positive with an optimistic outlook for the tanker market.Company Guidance
During the Teekay Group's third quarter 2024 earnings call, CEO Kenneth Hvid emphasized the company's strong financial position, highlighted by a debt-free balance sheet and substantial cash reserves. The company announced the sale of Teekay Australia for $65 million, contributing to the further streamlining of operations. Teekay's capital allocation strategy includes returning $230 million to shareholders, comprising $59 million in share buybacks and an $85 million special dividend. Teekay Tankers reported an adjusted net income of $63.5 million, with spot rates in the low-to-mid $30,000s per day, generating an adjusted EBITDA of nearly $76 million. The company also declared a fixed quarterly dividend of $0.25 per share, payable in November. Looking ahead, Teekay anticipates continued strength in the tanker market, driven by increasing oil demand and strategic fleet utilization.Streamlined Organizational Structure
Teekay Group has simplified its management structure, with Teekay Tankers now serving as the sole operating platform, supported by Teekay Corporation. This includes TNK's acquisition of Teekay Australia for $65 million and the transfer of management service companies.
Strong Balance Sheet and Cash Flow
Teekay Group boasts one of the strongest balance sheets in the industry, with no debt and significant cash reserves. TNK's third quarter adjusted net income was $63.5 million with an adjusted EBITDA of nearly $76 million.
Shareholder Returns and Investment
Since August, Teekay has returned $144 million to shareholders, including $59 million in share buybacks and an $85 million special dividend, alongside a new $40 million share buyback plan.
Teekay Australia Acquisition and Growth Prospects
TNK acquired a stable government service contract business with $100 million in revenue and $10 million in EBITDA, offering growth opportunities in a niche market.
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DE:EI5 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:EI5 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | €2.45 | €6.74 | +174.69% |
| Aug 01, 2024 | €6.67 | €6.88 | +3.18% |
| May 09, 2024 | €6.10 | €6.57 | +7.73% |
| Feb 22, 2024 | €6.27 | €6.44 | +2.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Teekay Corporation (DE:EI5) report earnings?
Teekay Corporation (DE:EI5) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Teekay Corporation (DE:EI5) earnings time?
Teekay Corporation (DE:EI5) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Teekay Corporation stock?
The P/E ratio of Teekay is N/A.
What is DE:EI5 EPS forecast?
Currently, no data Available
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