TransMontaigne (NYSE:TLP) Announces Quarterly Earnings Results, Misses Estimates By $0.11 EPS

TransMontaigne (NYSE:TLP) issued its quarterly earnings data on Thursday, March 15th. The pipeline company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.11), Bloomberg Earnings reports. TransMontaigne had a return on equity of 12.16% and a net margin of 24.56%. The company had revenue of $47.61 million for the quarter, compared to the consensus estimate of $45.09 million.

TLP opened at $36.27 on Friday. TransMontaigne has a one year low of $33.97 and a one year high of $47.45. The company has a market cap of $581.58, a PE ratio of 16.49, a price-to-earnings-growth ratio of 2.41 and a beta of 0.19. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.63.

How to Become a New Pot Stock Millionaire

A number of research analysts have recently commented on the company. Zacks Investment Research cut TransMontaigne from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. B. Riley set a $45.00 target price on TransMontaigne and gave the company a “neutral” rating in a research note on Monday, December 18th. Stifel Nicolaus upped their target price on TransMontaigne from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, March 20th. Finally, UBS reaffirmed a “buy” rating and set a $59.00 target price (up previously from $53.00) on shares of TransMontaigne in a research note on Friday, March 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $49.17.

ILLEGAL ACTIVITY NOTICE: “TransMontaigne (NYSE:TLP) Announces Quarterly Earnings Results, Misses Estimates By $0.11 EPS” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/07/transmontaigne-partners-tlp-announces-quarterly-earnings-results.html.

About TransMontaigne

TransMontaigne Partners L.P. provides integrated terminaling, storage, transportation, and related services. The company offers its services to customers engaged in the trading, distribution, and marketing of light and heavy refined petroleum products, crude oil, chemicals, fertilizers, and other liquid products.

Earnings History for TransMontaigne (NYSE:TLP)

Receive News & Ratings for TransMontaigne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransMontaigne and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply