Teekay (TK) to Release Quarterly Earnings on Wednesday

Teekay (NYSE:TK) is expected to be releasing its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect the company to post earnings of $0.11 per share and revenue of $295.7560 million for the quarter. Parties may visit the the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, July 30, 2026 at 11:00 AM ET.

Teekay (NYSE:TK) last posted its quarterly earnings data on Wednesday, May 13th. The shipping company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.11 by $0.44. The firm had revenue of $285.82 million during the quarter, compared to analyst estimates of $285.82 million. Teekay had a return on equity of 6.36% and a net margin of 13.03%.

Teekay Stock Performance

NYSE TK opened at $11.20 on Monday. The company has a market capitalization of $971.68 million, a PE ratio of 7.42 and a beta of 0.22. The business’s fifty day moving average is $11.58 and its 200 day moving average is $11.67. Teekay has a fifty-two week low of $7.11 and a fifty-two week high of $14.38.

Teekay Announces Dividend

The business also recently declared a special dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 26th were given a $1.00 dividend. The ex-dividend date was Tuesday, May 26th.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen cut Teekay from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings downgraded Teekay from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Insiders Place Their Bets

In other news, CEO Kenneth Hvid sold 6,822 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $12.04, for a total value of $82,136.88. Following the completion of the transaction, the chief executive officer owned 105,500 shares of the company’s stock, valued at $1,270,220. This represents a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rudolph Krediet sold 63,042 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $11.80, for a total value of $743,895.60. Following the sale, the director owned 35,167 shares of the company’s stock, valued at $414,970.60. This represents a 64.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 408,818 shares of company stock valued at $5,014,530 in the last ninety days. Insiders own 2.38% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC grew its holdings in Teekay by 250.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 4,378 shares of the shipping company’s stock valued at $40,000 after buying an additional 3,130 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Teekay in the fourth quarter worth $43,000. Cubist Systematic Strategies LLC purchased a new position in shares of Teekay in the first quarter worth $48,000. Tower Research Capital LLC TRC boosted its position in shares of Teekay by 194.8% during the second quarter. Tower Research Capital LLC TRC now owns 7,600 shares of the shipping company’s stock worth $63,000 after acquiring an additional 5,022 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of Teekay by 1,008.8% during the second quarter. Osaic Holdings Inc. now owns 10,456 shares of the shipping company’s stock worth $86,000 after acquiring an additional 9,513 shares during the last quarter. 46.73% of the stock is owned by hedge funds and other institutional investors.

About Teekay

Teekay Corporation (NYSE: TK) is a global provider of marine transportation and offshore production solutions for the energy industry. Founded in 1973 and headquartered in Vancouver, Canada, Teekay designs, owns and operates a diversified fleet of tankers and floating production, storage and offloading (FPSO) units. The company specializes in the movement and storage of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), offering integrated services that range from tanker transport to offshore production and marine maintenance.

Teekay’s core business is organized into three operating segments.