Wall Street analysts expect Tsakos Energy Navigation Ltd (NYSE:TNP) to announce earnings per share of $0.05 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Tsakos Energy Navigation’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.09. Tsakos Energy Navigation reported earnings per share of $0.15 in the same quarter last year, which would suggest a negative year over year growth rate of 66.7%. The company is expected to announce its next earnings results on Friday, September 8th.

According to Zacks, analysts expect that Tsakos Energy Navigation will report full-year earnings of $0.42 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.70. For the next fiscal year, analysts forecast that the business will post earnings of $0.74 per share, with EPS estimates ranging from $0.18 to $1.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Tsakos Energy Navigation.

Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings results on Friday, May 12th. The shipping company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Tsakos Energy Navigation had a net margin of 9.61% and a return on equity of 3.40%. The business had revenue of $108.16 million during the quarter, compared to analysts’ expectations of $113.51 million.

TNP has been the topic of several recent analyst reports. Maxim Group set a $7.00 price objective on shares of Tsakos Energy Navigation and gave the stock a “buy” rating in a report on Sunday, May 14th. Jefferies Group LLC reiterated a “buy” rating and set a $6.00 price objective on shares of Tsakos Energy Navigation in a report on Monday, April 24th. BidaskClub upgraded shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. ValuEngine lowered shares of Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a report on Thursday, March 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Tsakos Energy Navigation presently has a consensus rating of “Hold” and a consensus target price of $6.17.

Shares of Tsakos Energy Navigation (TNP) opened at 5.11 on Monday. The firm’s 50 day moving average is $4.44 and its 200-day moving average is $4.67. Tsakos Energy Navigation has a 12 month low of $3.92 and a 12 month high of $5.59. The firm has a market capitalization of $429.07 million, a PE ratio of 13.48 and a beta of 1.69.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Tuesday, July 11th were issued a $0.05 dividend. The ex-dividend date was Friday, July 7th. This represents a $0.20 annualized dividend and a yield of 3.91%. Tsakos Energy Navigation’s payout ratio is 51.28%.

A number of hedge funds and other institutional investors have recently bought and sold shares of TNP. Renaissance Technologies LLC raised its position in Tsakos Energy Navigation by 1.9% in the fourth quarter. Renaissance Technologies LLC now owns 2,479,600 shares of the shipping company’s stock valued at $11,629,000 after buying an additional 45,400 shares during the last quarter. LSV Asset Management raised its position in Tsakos Energy Navigation by 2.1% in the first quarter. LSV Asset Management now owns 2,052,774 shares of the shipping company’s stock valued at $9,832,000 after buying an additional 42,100 shares during the last quarter. Russell Investments Group Ltd. raised its position in Tsakos Energy Navigation by 10.1% in the first quarter. Russell Investments Group Ltd. now owns 1,225,980 shares of the shipping company’s stock valued at $5,872,000 after buying an additional 112,210 shares during the last quarter. Global X Management Co. LLC raised its position in Tsakos Energy Navigation by 0.7% in the first quarter. Global X Management Co. LLC now owns 1,095,951 shares of the shipping company’s stock valued at $5,250,000 after buying an additional 7,986 shares during the last quarter. Finally, Old West Investment Management LLC raised its position in Tsakos Energy Navigation by 107.2% in the first quarter. Old West Investment Management LLC now owns 936,546 shares of the shipping company’s stock valued at $4,486,000 after buying an additional 484,510 shares during the last quarter. Hedge funds and other institutional investors own 27.51% of the company’s stock.

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About Tsakos Energy Navigation

Tsakos Energy Navigation Limited is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 50 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.

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Earnings History and Estimates for Tsakos Energy Navigation (NYSE:TNP)

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