Analysts predict that Hoegh LNG Partners LP (NYSE:HMLP) will post earnings of $0.35 per share for the current quarter, according to Zacks. Two analysts have made estimates for Hoegh LNG Partners’ earnings. The highest EPS estimate is $0.40 and the lowest is $0.30. Hoegh LNG Partners reported earnings per share of $0.44 during the same quarter last year, which suggests a negative year over year growth rate of 20.5%. The company is expected to issue its next quarterly earnings report on Wednesday, February 26th.
On average, analysts expect that Hoegh LNG Partners will report full-year earnings of $1.30 per share for the current year. For the next financial year, analysts expect that the company will post earnings of $1.47 per share, with EPS estimates ranging from $1.44 to $1.50. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Hoegh LNG Partners.
Hoegh LNG Partners (NYSE:HMLP) last released its quarterly earnings results on Thursday, November 21st. The shipping company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.35 by $0.22. Hoegh LNG Partners had a net margin of 34.64% and a return on equity of 17.30%. The business had revenue of $36.98 million for the quarter, compared to analyst estimates of $36.93 million. During the same period in the prior year, the business earned $0.51 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis.
A number of brokerages have commented on HMLP. DNB Markets upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. ValuEngine raised Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Zacks Investment Research raised Hoegh LNG Partners from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Barclays set a $17.00 price objective on Hoegh LNG Partners and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, Citigroup lowered Hoegh LNG Partners from a “buy” rating to a “sell” rating and decreased their price objective for the company from $16.00 to $14.00 in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $18.00.
Several institutional investors and hedge funds have recently made changes to their positions in HMLP. Trustcore Financial Services LLC lifted its position in Hoegh LNG Partners by 14.8% during the second quarter. Trustcore Financial Services LLC now owns 7,000 shares of the shipping company’s stock worth $121,000 after buying an additional 900 shares during the period. Marshall Wace LLP acquired a new stake in Hoegh LNG Partners in the 2nd quarter worth about $299,000. Arrow Investment Advisors LLC acquired a new stake in Hoegh LNG Partners in the 2nd quarter worth about $360,000. JPMorgan Chase & Co. purchased a new stake in Hoegh LNG Partners in the 2nd quarter valued at about $422,000. Finally, Commonwealth Equity Services LLC grew its holdings in Hoegh LNG Partners by 81.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 28,281 shares of the shipping company’s stock valued at $489,000 after buying an additional 12,726 shares during the period. 21.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hoegh LNG Partners stock traded up $0.15 during trading on Friday, hitting $15.34. 72,297 shares of the company were exchanged, compared to its average volume of 103,045. Hoegh LNG Partners has a fifty-two week low of $14.01 and a fifty-two week high of $19.98. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.27. The firm has a 50 day moving average price of $15.44 and a 200 day moving average price of $16.41. The stock has a market capitalization of $505.31 million, a price-to-earnings ratio of 8.43, a P/E/G ratio of 9.52 and a beta of 1.06.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 11.47%. The ex-dividend date of this dividend was Wednesday, October 30th. Hoegh LNG Partners’s dividend payout ratio is presently 96.70%.
Hoegh LNG Partners Company Profile
Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company also offers ship management services. As of March 31, 2018, it had a fleet of five FSRUs.
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