Equities analysts predict that Hoegh LNG Partners LP (NYSE:HMLP) will announce $0.35 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Hoegh LNG Partners’ earnings, with estimates ranging from $0.26 to $0.43. Hoegh LNG Partners posted earnings of $0.25 per share in the same quarter last year, which suggests a positive year over year growth rate of 40%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 27th.
On average, analysts expect that Hoegh LNG Partners will report full year earnings of $1.16 per share for the current year, with EPS estimates ranging from $0.98 to $1.33. For the next financial year, analysts anticipate that the business will post earnings of $1.45 per share, with EPS estimates ranging from $1.24 to $1.82. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Hoegh LNG Partners.
Hoegh LNG Partners (NYSE:HMLP) last announced its quarterly earnings results on Thursday, November 16th. The shipping company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.28). Hoegh LNG Partners had a return on equity of 7.77% and a net margin of 38.90%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Stifel Financial Corp increased its stake in shares of Hoegh LNG Partners by 3.3% during the second quarter. Stifel Financial Corp now owns 18,398 shares of the shipping company’s stock valued at $351,000 after buying an additional 591 shares during the period. Raymond James & Associates increased its stake in shares of Hoegh LNG Partners by 15.1% during the fourth quarter. Raymond James & Associates now owns 36,610 shares of the shipping company’s stock valued at $683,000 after buying an additional 4,810 shares during the period. CNA Financial Corp increased its stake in shares of Hoegh LNG Partners by 20.7% during the fourth quarter. CNA Financial Corp now owns 30,967 shares of the shipping company’s stock valued at $578,000 after buying an additional 5,318 shares during the period. FNY Partners Fund LP purchased a new position in shares of Hoegh LNG Partners during the fourth quarter valued at approximately $214,000. Finally, Nwam LLC increased its stake in shares of Hoegh LNG Partners by 24.8% during the fourth quarter. Nwam LLC now owns 63,185 shares of the shipping company’s stock valued at $1,178,000 after buying an additional 12,546 shares during the period. 64.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hoegh LNG Partners (HMLP) traded up $0.10 during trading on Thursday, reaching $18.10. The company’s stock had a trading volume of 9,535 shares, compared to its average volume of 94,865. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 1.01. The stock has a market cap of $348.99, a PE ratio of 11.53, a P/E/G ratio of 0.64 and a beta of 0.88. Hoegh LNG Partners has a 1-year low of $16.75 and a 1-year high of $20.65.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.43 per share. The ex-dividend date was Wednesday, January 31st. This represents a $1.72 annualized dividend and a dividend yield of 9.50%. Hoegh LNG Partners’s dividend payout ratio (DPR) is presently 109.55%.
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About Hoegh LNG Partners
Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.
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