Teekay Lng Partners (NYSE:TGP) is scheduled to announce its earnings results before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Teekay Lng Partners has set its FY 2019 guidance at $1.85-2.20 EPS.
Teekay Lng Partners (NYSE:TGP) last released its quarterly earnings results on Thursday, February 21st. The shipping company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The business had revenue of $143.28 million for the quarter, compared to analyst estimates of $138.17 million. Teekay Lng Partners had a return on equity of 5.01% and a net margin of 11.19%. On average, analysts expect Teekay Lng Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE TGP opened at $14.41 on Thursday. The stock has a market cap of $1.12 billion, a PE ratio of 18.96 and a beta of 1.55. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.91. Teekay Lng Partners has a one year low of $10.74 and a one year high of $18.10.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were given a dividend of $0.19 per share. The ex-dividend date was Monday, May 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.27%. This is a positive change from Teekay Lng Partners’s previous quarterly dividend of $0.14. Teekay Lng Partners’s dividend payout ratio (DPR) is currently 100.00%.
A number of equities research analysts have recently commented on TGP shares. TheStreet lowered Teekay Lng Partners from a “c” rating to a “d+” rating in a research report on Friday, February 22nd. ValuEngine raised Teekay Lng Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Zacks Investment Research lowered Teekay Lng Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Finally, Morgan Stanley raised Teekay Lng Partners from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $17.50 to $16.00 in a research report on Tuesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.00.
Teekay Lng Partners Company Profile
Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company operates through three segments: The Liquefied Natural Gas, The Liquefied Petroleum Gas, and The Conventional Tanker. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.
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