Brokerages Anticipate Hoegh LNG Partners LP (HMLP) Will Post Earnings of $0.43 Per Share

Analysts predict that Hoegh LNG Partners LP (NYSE:HMLP) will report earnings of $0.43 per share for the current quarter, according to Zacks. Two analysts have made estimates for Hoegh LNG Partners’ earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.50. Hoegh LNG Partners reported earnings per share of $0.08 in the same quarter last year, which would suggest a positive year over year growth rate of 437.5%. The company is scheduled to issue its next earnings report on Thursday, November 15th.

According to Zacks, analysts expect that Hoegh LNG Partners will report full year earnings of $1.68 per share for the current year, with EPS estimates ranging from $1.61 to $1.75. For the next fiscal year, analysts expect that the business will report earnings of $1.73 per share, with EPS estimates ranging from $1.47 to $2.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Hoegh LNG Partners.

Hoegh LNG Partners (NYSE:HMLP) last released its quarterly earnings data on Thursday, August 23rd. The shipping company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.13. Hoegh LNG Partners had a net margin of 46.62% and a return on equity of 14.66%. The firm had revenue of $36.61 million during the quarter, compared to analysts’ expectations of $36.19 million. During the same period in the previous year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. B. Riley assumed coverage on shares of Hoegh LNG Partners in a research report on Wednesday, September 5th. They issued a “buy” rating and a $21.00 target price for the company. Berenberg Bank assumed coverage on shares of Hoegh LNG Partners in a research report on Thursday, September 6th. They issued a “hold” rating and a $19.00 target price for the company. Zacks Investment Research raised shares of Hoegh LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, October 10th. Finally, DNB Markets cut shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Hoegh LNG Partners presently has an average rating of “Hold” and an average price target of $19.83.

Shares of Hoegh LNG Partners stock traded down $0.02 during trading on Wednesday, reaching $17.75. The company’s stock had a trading volume of 2,499 shares, compared to its average volume of 111,839. The stock has a market cap of $590.88 million, a PE ratio of 13.05, a PEG ratio of 0.73 and a beta of 0.81. Hoegh LNG Partners has a 52 week low of $15.32 and a 52 week high of $19.85. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.75 and a current ratio of 0.76.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Thursday, November 1st will be given a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 9.92%. Hoegh LNG Partners’s payout ratio is presently 129.41%.

Institutional investors have recently made changes to their positions in the company. Bard Associates Inc. raised its stake in Hoegh LNG Partners by 14.0% in the second quarter. Bard Associates Inc. now owns 25,498 shares of the shipping company’s stock valued at $458,000 after purchasing an additional 3,135 shares in the last quarter. Engineers Gate Manager LP raised its stake in Hoegh LNG Partners by 39.9% in the third quarter. Engineers Gate Manager LP now owns 19,077 shares of the shipping company’s stock valued at $350,000 after purchasing an additional 5,438 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Hoegh LNG Partners in the third quarter valued at about $146,000. Bridgeworth LLC acquired a new position in Hoegh LNG Partners in the second quarter valued at about $148,000. Finally, FMR LLC raised its stake in Hoegh LNG Partners by 1.8% in the second quarter. FMR LLC now owns 1,975,906 shares of the shipping company’s stock valued at $35,468,000 after purchasing an additional 34,900 shares in the last quarter. 27.02% of the stock is owned by institutional investors.

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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