Equities research analysts expect that Hoegh LNG Partners LP (NYSE:HMLP) will announce earnings per share of $0.35 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Hoegh LNG Partners’ earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.25. Hoegh LNG Partners reported earnings per share of $0.37 during the same quarter last year, which indicates a negative year-over-year growth rate of 5.4%. The firm is expected to report its next earnings report on Thursday, May 30th.
On average, analysts expect that Hoegh LNG Partners will report full year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.95. For the next financial year, analysts forecast that the firm will post earnings of $1.80 per share, with EPS estimates ranging from $1.60 to $2.15. Zacks’ EPS averages are an average based on a survey of analysts that cover Hoegh LNG Partners.
Hoegh LNG Partners (NYSE:HMLP) last posted its quarterly earnings results on Wednesday, February 27th. The shipping company reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. Hoegh LNG Partners had a return on equity of 18.94% and a net margin of 52.96%. The firm had revenue of $37.76 million during the quarter, compared to the consensus estimate of $34.86 million.
Several equities research analysts have recently weighed in on the company. TheStreet raised Hoegh LNG Partners from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. Nordea Equity Research downgraded Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Finally, Zacks Investment Research downgraded Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Hoegh LNG Partners currently has a consensus rating of “Hold” and a consensus price target of $19.80.
Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of Hoegh LNG Partners by 1.0% in the fourth quarter. FMR LLC now owns 1,995,306 shares of the shipping company’s stock worth $30,628,000 after buying an additional 19,400 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Hoegh LNG Partners by 15.1% in the third quarter. Renaissance Technologies LLC now owns 548,400 shares of the shipping company’s stock worth $10,063,000 after acquiring an additional 71,900 shares in the last quarter. Globeflex Capital L P acquired a new position in shares of Hoegh LNG Partners in the fourth quarter worth about $4,103,000. Nwam LLC lifted its stake in shares of Hoegh LNG Partners by 2.5% in the first quarter. Nwam LLC now owns 66,609 shares of the shipping company’s stock worth $1,302,000 after acquiring an additional 1,620 shares in the last quarter. Finally, Bramshill Investments LLC lifted its stake in shares of Hoegh LNG Partners by 32.9% in the third quarter. Bramshill Investments LLC now owns 63,903 shares of the shipping company’s stock worth $1,173,000 after acquiring an additional 15,816 shares in the last quarter. 23.96% of the stock is owned by institutional investors.
HMLP stock opened at $19.11 on Wednesday. Hoegh LNG Partners has a 12-month low of $14.50 and a 12-month high of $19.68. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.06. The stock has a market cap of $632.24 million, a price-to-earnings ratio of 10.50, a PEG ratio of 0.92 and a beta of 1.00.
Hoegh LNG Partners Company Profile
Höegh 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, 2018, it had a fleet of five FSRUs.
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