Wall Street analysts forecast that Höegh LNG Partners LP (NYSE:HMLP) will report sales of $36.22 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Höegh LNG Partners’ earnings, with estimates ranging from $35.58 million to $36.85 million. Höegh LNG Partners reported sales of $38.54 million during the same quarter last year, which indicates a negative year-over-year growth rate of 6%. The company is scheduled to report its next earnings report on Thursday, February 25th.
According to Zacks, analysts expect that Höegh LNG Partners will report full-year sales of $143.25 million for the current year, with estimates ranging from $142.62 million to $143.89 million. For the next year, analysts expect that the company will post sales of $143.29 million, with estimates ranging from $141.17 million to $145.40 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Höegh LNG Partners.
Höegh LNG Partners (NYSE:HMLP) last announced its quarterly earnings results on Wednesday, November 18th. The shipping company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. Höegh LNG Partners had a return on equity of 20.74% and a net margin of 43.54%. The business had revenue of $35.91 million during the quarter, compared to the consensus estimate of $35.69 million.
Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in Höegh LNG Partners in the third quarter valued at about $167,000. Sigma Planning Corp grew its position in Höegh LNG Partners by 12.9% in the fourth quarter. Sigma Planning Corp now owns 35,022 shares of the shipping company’s stock valued at $501,000 after acquiring an additional 3,992 shares during the last quarter. California Public Employees Retirement System grew its position in Höegh LNG Partners by 5.1% in the third quarter. California Public Employees Retirement System now owns 40,989 shares of the shipping company’s stock valued at $435,000 after acquiring an additional 2,000 shares during the last quarter. Bank of America Corp DE grew its position in Höegh LNG Partners by 16.4% in the second quarter. Bank of America Corp DE now owns 59,408 shares of the shipping company’s stock valued at $578,000 after acquiring an additional 8,391 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Höegh LNG Partners by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 74,019 shares of the shipping company’s stock valued at $785,000 after acquiring an additional 2,071 shares during the last quarter. Hedge funds and other institutional investors own 21.31% of the company’s stock.
HMLP opened at $14.86 on Wednesday. Höegh LNG Partners has a fifty-two week low of $4.67 and a fifty-two week high of $16.54. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $494.33 million, a P/E ratio of 9.71, a P/E/G ratio of 1.61 and a beta of 1.93. The stock has a fifty day moving average of $15.07 and a 200-day moving average of $12.64.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 12th. Investors of record on Friday, January 29th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, January 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 11.84%. This is a boost from Höegh LNG Partners’s previous quarterly dividend of $0.41. Höegh LNG Partners’s dividend payout ratio (DPR) is presently 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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