Analysts expect Golar LNG Partners LP (NASDAQ:GMLP) to announce sales of $89.06 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Golar LNG Partners’ earnings. The lowest sales estimate is $78.25 million and the highest is $105.88 million. Golar LNG Partners reported sales of $90.11 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.2%. The firm is scheduled to issue its next earnings results on Wednesday, February 27th.
According to Zacks, analysts expect that Golar LNG Partners will report full year sales of $334.78 million for the current fiscal year, with estimates ranging from $311.67 million to $355.70 million. For the next financial year, analysts forecast that the business will post sales of $330.97 million, with estimates ranging from $299.99 million to $390.08 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Golar LNG Partners.
Golar LNG Partners (NASDAQ:GMLP) last released its earnings results on Monday, November 5th. The shipping company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.39. Golar LNG Partners had a return on equity of 16.95% and a net margin of 32.94%. The firm had revenue of $108.23 million for the quarter, compared to analyst estimates of $89.64 million.
NASDAQ:GMLP opened at $11.97 on Friday. Golar LNG Partners has a 1-year low of $11.59 and a 1-year high of $23.46. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $854.73 million, a price-to-earnings ratio of 6.37, a P/E/G ratio of 1.51 and a beta of 0.87.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th were issued a $0.404 dividend. The ex-dividend date was Tuesday, November 6th. This represents a $1.62 annualized dividend and a dividend yield of 13.50%. Golar LNG Partners’s dividend payout ratio (DPR) is currently 86.17%.
Institutional investors have recently made changes to their positions in the business. Wedbush Securities Inc. increased its holdings in shares of Golar LNG Partners by 28.4% in the second quarter. Wedbush Securities Inc. now owns 18,926 shares of the shipping company’s stock worth $293,000 after acquiring an additional 4,181 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of Golar LNG Partners during the second quarter worth about $490,000. Old Port Advisors bought a new position in shares of Golar LNG Partners during the second quarter worth about $465,000. Arrow Investment Advisors LLC grew its holdings in shares of Golar LNG Partners by 12.6% during the third quarter. Arrow Investment Advisors LLC now owns 31,172 shares of the shipping company’s stock worth $447,000 after buying an additional 3,500 shares in the last quarter. Finally, Wasatch Advisors Inc. grew its holdings in shares of Golar LNG Partners by 13.2% during the second quarter. Wasatch Advisors Inc. now owns 34,300 shares of the shipping company’s stock worth $530,000 after buying an additional 4,000 shares in the last quarter. Institutional investors own 37.61% of the company’s stock.
About Golar LNG Partners
Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in Brazil, Indonesia, Jordan, Kuwait, and the United Arab Emirates. As of April 6, 2018, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.
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