Analysts Expect Höegh LNG Partners LP (NYSE:HMLP) Will Announce Earnings of $0.39 Per Share


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Analysts expect Höegh LNG Partners LP (NYSE:HMLP) to report earnings of $0.39 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Höegh LNG Partners’ earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.40. Höegh LNG Partners reported earnings per share of $0.53 in the same quarter last year, which would suggest a negative year over year growth rate of 26.4%. The company is scheduled to report its next quarterly earnings report on Thursday, May 27th.

On average, analysts expect that Höegh LNG Partners will report full-year earnings of $1.57 per share for the current fiscal year, with EPS estimates ranging from $1.47 to $1.66. For the next financial year, analysts forecast that the firm will post earnings of $1.62 per share, with EPS estimates ranging from $1.57 to $1.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. Höegh LNG Partners had a return on equity of 20.74% and a net margin of 43.54%.

Several research firms have commented on HMLP. Bank of America lowered shares of Höegh LNG Partners from a “buy” rating to an “underperform” rating and lowered their price target for the company from $17.00 to $16.00 in a report on Friday, February 26th. Danske raised shares of Höegh LNG Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, March 10th. Zacks Investment Research lowered shares of Höegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, January 20th. Finally, Kepler Capital Markets reaffirmed a “buy” rating on shares of Höegh LNG Partners in a research note on Friday, March 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.50.

NYSE:HMLP traded down $0.07 during mid-day trading on Friday, hitting $15.08. The company’s stock had a trading volume of 203 shares, compared to its average volume of 206,082. Höegh LNG Partners has a 1 year low of $5.17 and a 1 year high of $17.25. 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 stock has a market cap of $501.65 million, a price-to-earnings ratio of 9.90, a PEG ratio of 1.61 and a beta of 1.93. The business’s fifty day moving average is $15.49 and its two-hundred day moving average is $14.01.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Friday, January 29th were issued a $0.44 dividend. This is an increase from Höegh LNG Partners’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, January 28th. This represents a $1.76 dividend on an annualized basis and a yield of 11.67%. Höegh LNG Partners’s dividend payout ratio is presently 84.21%.

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Höegh LNG Partners in the 3rd quarter valued at about $167,000. Boston Private Wealth LLC acquired a new stake in Höegh LNG Partners in the 4th quarter valued at about $362,000. Sigma Planning Corp raised its holdings in 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 acquiring an additional 3,992 shares during the last quarter. California Public Employees Retirement System raised its holdings in 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 acquiring an additional 2,000 shares during the last quarter. Finally, Morgan Stanley raised its holdings in 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 acquiring an additional 97,781 shares during the last quarter. Institutional investors own 21.31% of the company’s stock.

About Höegh LNG Partners

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, 2019, it had a fleet of five FSRUs.

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