Analysts expect that Hoegh LNG Partners LP (NYSE:HMLP) will announce $32.49 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hoegh LNG Partners’ earnings. The highest sales estimate is $35.77 million and the lowest is $29.20 million. Hoegh LNG Partners reported sales of $23.31 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 39.4%. The company is expected to report its next earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Hoegh LNG Partners will report full-year sales of $32.49 million for the current fiscal year, with estimates ranging from $116.70 million to $141.73 million. For the next year, analysts anticipate that the company will post sales of $140.50 million per share, with estimates ranging from $124.80 million to $155.76 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Hoegh LNG Partners.
Hoegh LNG Partners (NYSE:HMLP) last released its earnings results on Thursday, November 16th. The shipping company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.28). Hoegh LNG Partners had a net margin of 38.90% and a return on equity of 7.77%.
A number of research firms recently commented on HMLP. Zacks Investment Research cut Hoegh LNG Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 24th. ValuEngine cut Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $21.50.
Hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Partners Fund LP purchased a new stake in Hoegh LNG Partners during the fourth quarter valued at about $214,000. Stifel Financial Corp boosted its position in Hoegh LNG Partners by 3.3% during the second quarter. Stifel Financial Corp now owns 18,398 shares of the shipping company’s stock valued at $351,000 after buying an additional 591 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in Hoegh LNG Partners during the fourth quarter valued at about $475,000. Taylor Frigon Capital Management LLC purchased a new stake in Hoegh LNG Partners during the fourth quarter valued at about $1,016,000. Finally, FMR LLC boosted its position in Hoegh LNG Partners by 2.5% during the second quarter. FMR LLC now owns 1,448,061 shares of the shipping company’s stock valued at $27,730,000 after buying an additional 35,806 shares during the period. Institutional investors and hedge funds own 64.27% of the company’s stock.
Hoegh LNG Partners (NYSE HMLP) traded down $0.10 on Wednesday, reaching $17.90. The company had a trading volume of 106,684 shares, compared to its average volume of 92,675. The company has a market capitalization of $589.29, a PE ratio of 9.32, a PEG ratio of 0.66 and a beta of 0.88. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 1.01. Hoegh LNG Partners has a 1-year low of $16.90 and a 1-year high of $20.65.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, January 31st. This represents a $1.72 annualized dividend and a yield of 9.61%. Hoegh LNG Partners’s payout ratio is 89.58%.
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About Hoegh LNG Partners
Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.
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