Hoegh LNG Partners LP (NYSE:HMLP) Expected to Announce Earnings of $0.37 Per Share

Analysts expect Hoegh LNG Partners LP (NYSE:HMLP) to post $0.37 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hoegh LNG Partners’ earnings, with estimates ranging from $0.35 to $0.39. Hoegh LNG Partners posted earnings of $0.52 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 28.8%. The firm is expected to announce its next earnings results before the market opens on Thursday, August 22nd.

On average, analysts expect that Hoegh LNG Partners will report full year earnings of $1.54 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.58. For the next fiscal year, analysts forecast that the firm will report earnings of $1.54 per share, with EPS estimates ranging from $1.42 to $1.65. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Hoegh LNG Partners.

Hoegh LNG Partners (NYSE:HMLP) last issued its earnings results on Wednesday, May 29th. The shipping company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05. Hoegh LNG Partners had a return on equity of 19.69% and a net margin of 47.40%. The firm had revenue of $36.14 million for the quarter, compared to analysts’ expectations of $37.14 million. During the same quarter last year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year.



A number of brokerages recently weighed in on HMLP. TheStreet cut Hoegh LNG Partners from a “b-” rating to a “c+” rating in a report on Thursday, August 8th. ValuEngine cut Hoegh LNG Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Hoegh LNG Partners has a consensus rating of “Hold” and an average price target of $19.80.

Hoegh LNG Partners stock traded up $0.33 during midday trading on Friday, reaching $16.70. The stock had a trading volume of 71,561 shares, compared to its average volume of 87,857. Hoegh LNG Partners has a twelve month low of $14.50 and a twelve month high of $19.98. The stock has a market capitalization of $552.44 million, a PE ratio of 9.18, a price-to-earnings-growth ratio of 8.88 and a beta of 0.98. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.98 and a current ratio of 0.99. The stock’s 50-day simple moving average is $17.49 and its 200 day simple moving average is $18.17.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date of this dividend was Wednesday, July 31st. Hoegh LNG Partners’s dividend payout ratio is presently 96.70%.

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC lifted its stake in shares of Hoegh LNG Partners by 4,784.8% during the fourth quarter. Barclays PLC now owns 3,859 shares of the shipping company’s stock worth $59,000 after purchasing an additional 3,780 shares in the last quarter. Trustcore Financial Services LLC lifted its stake in shares of Hoegh LNG Partners by 52.5% during the first quarter. Trustcore Financial Services LLC now owns 6,100 shares of the shipping company’s stock worth $119,000 after purchasing an additional 2,100 shares in the last quarter. Osborn Williams & Donohoe LLC acquired a new position in shares of Hoegh LNG Partners during the first quarter worth about $163,000. Virtu Financial LLC acquired a new position in shares of Hoegh LNG Partners during the first quarter worth about $219,000. Finally, Concorde Asset Management LLC acquired a new position in shares of Hoegh LNG Partners during the first quarter worth about $279,000. Institutional investors own 23.62% of the company’s stock.

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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