Wall Street analysts predict that Höegh LNG Partners LP (NYSE:HMLP) will report sales of $35.70 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Höegh LNG Partners’ earnings, with the highest sales estimate coming in at $36.50 million and the lowest estimate coming in at $34.90 million. Höegh LNG Partners reported sales of $36.69 million in the same quarter last year, which indicates a negative year-over-year growth rate of 2.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, May 27th.
According to Zacks, analysts expect that Höegh LNG Partners will report full year sales of $143.18 million for the current year, with estimates ranging from $141.53 million to $144.84 million. For the next fiscal year, analysts expect that the firm will post sales of $143.46 million, with estimates ranging from $141.53 million to $145.40 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Höegh LNG Partners.
Höegh LNG Partners (NYSE:HMLP) last released its earnings results on Thursday, February 25th. The shipping company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Höegh LNG Partners had a net margin of 43.54% and a return on equity of 20.74%.
Large investors have recently made changes to their positions in the business. Morgan Stanley grew its position in shares of Höegh LNG Partners by 48.1% in the 4th quarter. Morgan Stanley now owns 301,248 shares of the shipping company’s stock valued at $4,307,000 after buying an additional 97,781 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Höegh LNG Partners by 5.1% in the 3rd quarter. California Public Employees Retirement System now owns 40,989 shares of the shipping company’s stock valued at $435,000 after buying an additional 2,000 shares during the last quarter. Sigma Planning Corp grew its position in shares of Höegh LNG Partners by 12.9% in the 4th quarter. Sigma Planning Corp now owns 35,022 shares of the shipping company’s stock valued at $501,000 after buying an additional 3,992 shares during the last quarter. Boston Private Wealth LLC purchased a new position in shares of Höegh LNG Partners in the 4th quarter valued at $362,000. Finally, Jane Street Group LLC purchased a new position in shares of Höegh LNG Partners in the 3rd quarter valued at $167,000. 21.31% of the stock is currently owned by institutional investors.
NYSE HMLP traded down $0.07 during trading hours on Monday, hitting $15.08. 203 shares of the company’s stock traded hands, compared to its average volume of 206,082. Höegh LNG Partners has a 52-week low of $5.17 and a 52-week high of $17.25. The company has a market capitalization of $501.65 million, a PE ratio of 9.90, a PEG ratio of 1.61 and a beta of 1.93. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s 50-day moving average is $15.49 and its 200-day moving average is $14.01.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Friday, January 29th were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, January 28th. This is a positive change from Höegh LNG Partners’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 11.67%. Höegh LNG Partners’s dividend payout ratio is 84.21%.
Höegh LNG Partners Company Profile
HÃ¶egh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company also offers ship management services. As of March 31, 2019, it had a fleet of five FSRUs.
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