Equities research analysts forecast that Hoegh LNG Partners LP (NYSE:HMLP) will report earnings of $0.35 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hoegh LNG Partners’ earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.43. Hoegh LNG Partners reported earnings per share of $0.25 during the same quarter last year, which would indicate a positive year-over-year growth rate of 40%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 27th.
On average, analysts expect that Hoegh LNG Partners will report full year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $0.98 to $1.33. For the next financial year, analysts forecast that the firm will report earnings of $1.45 per share, with EPS estimates ranging from $1.24 to $1.82. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Hoegh LNG Partners.
Hoegh LNG Partners (NYSE:HMLP) last issued its quarterly earnings results on Thursday, November 16th. The shipping company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). Hoegh LNG Partners had a net margin of 38.90% and a return on equity of 7.77%.
Shares of Hoegh LNG Partners (HMLP) traded up $0.10 during trading on Thursday, reaching $18.10. 9,535 shares of the company’s stock were exchanged, compared to its average volume of 94,865. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 1.01. Hoegh LNG Partners has a 12-month low of $16.75 and a 12-month high of $20.65. The company has a market cap of $348.99, a P/E ratio of 11.53, a PEG ratio of 0.64 and a beta of 0.88.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Thursday, February 1st were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.50%. The ex-dividend date was Wednesday, January 31st. Hoegh LNG Partners’s dividend payout ratio is 109.55%.
Several hedge funds have recently made changes to their positions in HMLP. FMR LLC raised its stake in shares of Hoegh LNG Partners by 2.5% in the 2nd quarter. FMR LLC now owns 1,448,061 shares of the shipping company’s stock valued at $27,730,000 after buying an additional 35,806 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Hoegh LNG Partners by 3.3% in the 2nd quarter. Stifel Financial Corp now owns 18,398 shares of the shipping company’s stock valued at $351,000 after buying an additional 591 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of Hoegh LNG Partners in the 4th quarter valued at $214,000. Taylor Frigon Capital Management LLC acquired a new position in shares of Hoegh LNG Partners in the 4th quarter valued at $1,016,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Hoegh LNG Partners in the 4th quarter valued at $475,000. Institutional investors own 64.57% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hoegh LNG Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hoegh LNG Partners and related companies with MarketBeat.com's FREE daily email newsletter.