Hoegh LNG Partners LP (HMLP) Scheduled to Post Earnings on Wednesday
Hoegh LNG Partners LP (NASDAQ:HMLP) is set to post its quarterly earnings results before the market opens on Wednesday, August 23rd. Analysts expect Hoegh LNG Partners to post earnings of $0.41 per share for the quarter.
Hoegh LNG Partners (NASDAQ:HMLP) last posted its quarterly earnings data on Wednesday, May 24th. The shipping company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $35.08 million during the quarter, compared to analysts’ expectations of $30.17 million. Hoegh LNG Partners had a return on equity of 33.57% and a net margin of 106.97%. On average, analysts expect Hoegh LNG Partners to post $1.64 EPS for the current fiscal year and $2.06 EPS for the next fiscal year.
Shares of Hoegh LNG Partners LP (NASDAQ HMLP) opened at 18.40 on Wednesday. The company’s 50-day moving average price is $19.11 and its 200-day moving average price is $19.36. The stock has a market cap of $605.56 million and a PE ratio of 9.35. Hoegh LNG Partners LP has a 52-week low of $17.05 and a 52-week high of $20.65.
The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Thursday, August 3rd were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $1.72 dividend on an annualized basis and a yield of 9.35%.
A number of brokerages have commented on HMLP. Zacks Investment Research raised Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet raised Hoegh LNG Partners from a “d” rating to a “c+” rating in a research report on Monday, August 7th. BidaskClub cut Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Barclays PLC raised Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $21.00 to $22.00 in a research report on Tuesday, July 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $20.50 price target (down previously from $22.00) on shares of Hoegh LNG Partners in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Hoegh LNG Partners has a consensus rating of “Buy” and a consensus target price of $21.10.
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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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