Zacks: Brokerages Expect Hoegh LNG Partners LP (NYSE:HMLP) to Announce $0.35 Earnings Per Share

Analysts expect that Hoegh LNG Partners LP (NYSE:HMLP) will announce earnings per share (EPS) of $0.35 for the current quarter, Zacks reports. Two analysts have provided estimates for Hoegh LNG Partners’ earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.30. Hoegh LNG Partners reported earnings per share of $0.44 in the same quarter last year, which would indicate a negative year over year growth rate of 20.5%. The company is expected to announce 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 financial year. For the next fiscal year, analysts forecast that the firm will report earnings of $1.47 per share, with EPS estimates ranging from $1.44 to $1.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Hoegh LNG Partners.

Hoegh LNG Partners (NYSE:HMLP) last announced its earnings results on Thursday, November 21st. The shipping company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ 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 quarter in the previous year, the firm posted $0.51 earnings per share. Hoegh LNG Partners’s revenue was down .9% compared to the same quarter last year.

HMLP has been the subject of a number of research analyst reports. ValuEngine raised shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup downgraded Hoegh LNG Partners from a “buy” rating to a “sell” rating and decreased their target price for the stock from $16.00 to $14.00 in a research report on Tuesday, October 29th. Zacks Investment Research raised Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. B. Riley set a $21.00 price target on Hoegh LNG Partners and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, DNB Markets raised Hoegh LNG Partners from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.00.

NYSE HMLP opened at $15.26 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market capitalization of $513.30 million, a price-to-earnings ratio of 8.69, a P/E/G ratio of 9.69 and a beta of 1.06. The company’s fifty day moving average is $15.50 and its two-hundred day moving average is $16.46. Hoegh LNG Partners has a 52-week low of $14.01 and a 52-week high of $19.98.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 11.53%. The ex-dividend date was Wednesday, October 30th. Hoegh LNG Partners’s dividend payout ratio (DPR) is presently 96.70%.

Hedge funds have recently made changes to their positions in the company. Trustcore Financial Services LLC lifted its holdings in shares of Hoegh LNG Partners by 14.8% during the 2nd quarter. Trustcore Financial Services LLC now owns 7,000 shares of the shipping company’s stock worth $121,000 after acquiring an additional 900 shares during the period. Marshall Wace LLP acquired a new stake in shares of Hoegh LNG Partners during the 2nd quarter valued at about $299,000. Arrow Investment Advisors LLC bought a new stake in Hoegh LNG Partners in the second quarter valued at about $360,000. JPMorgan Chase & Co. bought a new stake in Hoegh LNG Partners in the second quarter valued at about $422,000. Finally, Commonwealth Equity Services LLC raised its position in Hoegh LNG Partners by 81.8% in the second quarter. Commonwealth Equity Services LLC now owns 28,281 shares of the shipping company’s stock worth $489,000 after purchasing an additional 12,726 shares in the last quarter. Institutional investors own 21.65% of the company’s stock.

About Hoegh LNG Partners

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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