TransMontaigne Partners (NYSE:TLP) will be announcing its earnings results before the market opens on Thursday, November 8th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.
TransMontaigne Partners (NYSE:TLP) last released its earnings results on Thursday, August 9th. The pipeline company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.23). The firm had revenue of $55.34 million for the quarter, compared to analyst estimates of $57.48 million. TransMontaigne Partners had a return on equity of 10.81% and a net margin of 19.14%. On average, analysts expect TransMontaigne Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
TLP stock traded up $0.21 during trading on Tuesday, hitting $37.73. 200 shares of the company traded hands, compared to its average volume of 24,625. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.63. The stock has a market cap of $617.58 million, a P/E ratio of 17.23, a P/E/G ratio of 4.36 and a beta of 0.18. TransMontaigne Partners has a 1 year low of $33.97 and a 1 year high of $43.14.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 8th. Investors of record on Wednesday, October 31st will be given a dividend of $0.805 per share. This is a boost from TransMontaigne Partners’s previous quarterly dividend of $0.80. This represents a $3.22 annualized dividend and a yield of 8.53%. The ex-dividend date is Tuesday, October 30th. TransMontaigne Partners’s dividend payout ratio (DPR) is currently 146.36%.
Several research analysts recently weighed in on TLP shares. TheStreet cut TransMontaigne Partners from a “b” rating to a “c+” rating in a research report on Wednesday, September 5th. Wells Fargo & Co reduced their price target on TransMontaigne Partners from $41.00 to $38.00 and set a “market perform” rating for the company in a research report on Tuesday, August 14th. UBS Group reduced their price target on TransMontaigne Partners from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, August 10th. ValuEngine upgraded TransMontaigne Partners from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Finally, Zacks Investment Research upgraded TransMontaigne Partners from a “sell” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Tuesday, October 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $44.00.
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About TransMontaigne Partners
TransMontaigne Partners L.P. provides integrated terminaling, storage, transportation, and related services. The company operates through Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals, Southeast terminals, and West Coast terminals segments. It offers its services for companies 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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