Analysts expect TransMontaigne (NYSE:TLP) to announce earnings per share (EPS) of $0.62 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for TransMontaigne’s earnings, with estimates ranging from $0.49 to $0.71. TransMontaigne also posted earnings of $0.62 per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that TransMontaigne will report full year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.26 to $2.62. For the next financial year, analysts forecast that the business will post earnings of $2.73 per share, with EPS estimates ranging from $2.27 to $3.25. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover TransMontaigne.
TransMontaigne (NYSE:TLP) last announced its quarterly earnings results on Thursday, March 15th. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.11). The company had revenue of $47.61 million during the quarter, compared to the consensus estimate of $45.09 million. TransMontaigne had a net margin of 24.56% and a return on equity of 12.16%.
TLP has been the subject of a number of recent research reports. Zacks Investment Research cut shares of TransMontaigne from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. B. Riley set a $45.00 price objective on shares of TransMontaigne and gave the stock a “neutral” rating in a research note on Monday, December 18th. UBS reissued a “buy” rating and issued a $59.00 price objective (up from $53.00) on shares of TransMontaigne in a research note on Friday, March 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of TransMontaigne from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, March 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.17.
Large investors have recently modified their holdings of the business. Two Sigma Securities LLC purchased a new position in shares of TransMontaigne in the 4th quarter worth $220,000. Icon Wealth Partners LLC purchased a new position in shares of TransMontaigne during the 4th quarter worth about $345,000. GSA Capital Partners LLP boosted its stake in shares of TransMontaigne by 88.7% during the 3rd quarter. GSA Capital Partners LLP now owns 10,979 shares of the pipeline company’s stock worth $469,000 after purchasing an additional 5,161 shares during the period. Searle & CO. boosted its stake in shares of TransMontaigne by 7.6% during the 4th quarter. Searle & CO. now owns 19,855 shares of the pipeline company’s stock worth $783,000 after purchasing an additional 1,400 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of TransMontaigne by 32.7% during the 3rd quarter. Stifel Financial Corp now owns 24,786 shares of the pipeline company’s stock worth $1,051,000 after purchasing an additional 6,110 shares during the period. 61.95% of the stock is owned by institutional investors and hedge funds.
NYSE TLP traded up $0.47 on Monday, reaching $36.74. The company had a trading volume of 25,992 shares, compared to its average volume of 39,011. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $586.75, a P/E ratio of 16.70, a P/E/G ratio of 2.43 and a beta of 0.19. TransMontaigne has a 12 month low of $33.97 and a 12 month high of $47.45.
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TransMontaigne Company Profile
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.
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