Teekay LNG Partners L.P. (TGP) Set to Announce Earnings on Thursday
Teekay LNG Partners L.P. (NYSE:TGP) is set to release its earnings data before the market opens on Thursday, November 9th. Analysts expect Teekay LNG Partners L.P. to post earnings of $0.33 per share for the quarter.
Teekay LNG Partners L.P. (NYSE:TGP) last posted its earnings results on Thursday, August 3rd. The shipping company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.12). Teekay LNG Partners L.P. had a net margin of 38.28% and a return on equity of 6.12%. The business had revenue of $99.91 million for the quarter, compared to analysts’ expectations of $103.31 million. On average, analysts expect Teekay LNG Partners L.P. to post $1.26 EPS for the current fiscal year and $1.85 EPS for the next fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, November 3rd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, November 2nd. Teekay LNG Partners L.P.’s dividend payout ratio is currently 32.75%.
A number of equities research analysts recently issued reports on the company. Stifel Nicolaus reissued a “hold” rating and set a $16.00 price target on shares of Teekay LNG Partners L.P. in a research note on Thursday, July 6th. ValuEngine lowered Teekay LNG Partners L.P. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research raised Teekay LNG Partners L.P. from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, TheStreet lowered Teekay LNG Partners L.P. from a “b-” rating to a “c” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.50.
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Teekay LNG Partners L.P. Company Profile
Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. The Company’s fleet, excluding newbuildings, consists of approximately 30 LNG carriers (including the six MALT LNG Carriers, four RasGas 3 LNG Carriers, four Angola LNG Carriers and two Exmar LNG Carriers), over 20 LPG carriers (including 20 Exmar LPG Carriers), approximately seven Suezmax-class crude oil tankers and a Handymax product tanker, all of which are double-hulled.
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