TransMontaigne Partners L.P. (TLP) Announces Earnings Results, Beats Expectations By $0.04 EPS
TransMontaigne Partners L.P. (NYSE:TLP) posted its earnings results on Tuesday. The pipeline company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.04, Bloomberg Earnings reports. The firm had revenue of $45.40 million during the quarter, compared to the consensus estimate of $45.64 million. TransMontaigne Partners L.P. had a net margin of 25.71% and a return on equity of 11.66%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS.
Shares of TransMontaigne Partners L.P. (NYSE TLP) opened at 43.98 on Wednesday. TransMontaigne Partners L.P. has a 12 month low of $36.93 and a 12 month high of $49.31. The firm has a market cap of $710.76 million, a P/E ratio of 18.71 and a beta of 0.30. The firm has a 50-day moving average of $43.55 and a 200 day moving average of $44.25.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 8th. Shareholders of record on Monday, July 31st were given a $0.74 dividend. This is an increase from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.96 annualized dividend and a yield of 6.73%. TransMontaigne Partners L.P.’s dividend payout ratio (DPR) is 125.96%.
TLP has been the subject of a number of research analyst reports. Stifel Nicolaus set a $50.00 target price on shares of TransMontaigne Partners L.P. and gave the stock a “buy” rating in a research report on Saturday, June 24th. DA Davidson raised shares of TransMontaigne Partners L.P. from a “neutral” rating to a “buy” rating and increased their target price for the stock from $48.00 to $51.00 in a research report on Thursday, June 15th. BidaskClub raised shares of TransMontaigne Partners L.P. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research downgraded shares of TransMontaigne Partners L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $49.00.
TransMontaigne Partners L.P. Company Profile
TransMontaigne Partners L.P. is a terminaling and transportation company with operations in the United States along the Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. The Company operates its business in five principal business segments: Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals and Southeast terminals.
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