TransMontaigne Partners (NYSE:TLP) issued its quarterly earnings results on Thursday. The pipeline company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01), MarketWatch Earnings reports. TransMontaigne Partners had a return on equity of 10.81% and a net margin of 19.14%. The firm had revenue of $57.15 million for the quarter, compared to analyst estimates of $58.11 million.
Shares of TLP stock traded down $0.20 on Friday, hitting $37.90. The company had a trading volume of 10,466 shares, compared to its average volume of 21,720. The stock has a market cap of $615.63 million, a PE ratio of 21.81, a price-to-earnings-growth ratio of 4.35 and a beta of 0.18. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.63. TransMontaigne Partners has a twelve month low of $33.97 and a twelve month high of $42.85.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 8th. Stockholders of record on Wednesday, October 31st were issued a $0.805 dividend. This represents a $3.22 annualized dividend and a dividend yield of 8.50%. The ex-dividend date was Tuesday, October 30th. This is a boost from TransMontaigne Partners’s previous quarterly dividend of $0.80. TransMontaigne Partners’s payout ratio is 146.36%.
TLP has been the subject of a number of research reports. TheStreet cut TransMontaigne Partners from a “b” rating to a “c+” rating in a research report on Wednesday, September 5th. Zacks Investment Research raised 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. Wells Fargo & Co lowered 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. Finally, UBS Group lowered 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently 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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