Zacks: Analysts Expect Hoegh LNG Partners LP (HMLP) Will Announce Earnings of $0.35 Per Share

Brokerages expect Hoegh LNG Partners LP (NYSE:HMLP) to report $0.35 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Hoegh LNG Partners’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.43. Hoegh LNG Partners reported earnings of $0.25 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 40%. The firm is scheduled to report its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Hoegh LNG Partners will report full-year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.26 to $1.33. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.44 per share, with EPS estimates ranging from $1.20 to $1.82. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Hoegh LNG Partners.

Hoegh LNG Partners (NYSE:HMLP) last announced its quarterly earnings data on Thursday, August 24th. The shipping company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.08). Hoegh LNG Partners had a net margin of 38.90% and a return on equity of 7.77%. The firm had revenue of $35.02 million for the quarter, compared to analysts’ expectations of $31.94 million.

HMLP has been the topic of several recent analyst reports. BidaskClub downgraded shares of Hoegh LNG Partners from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 14th. Zacks Investment Research downgraded shares of Hoegh LNG Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 29th. ValuEngine raised shares of Hoegh LNG Partners from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Citigroup Inc. increased their price objective on shares of Hoegh LNG Partners from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, TheStreet raised shares of Hoegh LNG Partners from a “d” rating to a “c+” rating in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating and six have given a buy rating to the stock. Hoegh LNG Partners presently has an average rating of “Buy” and a consensus target price of $21.63.

Shares of Hoegh LNG Partners (NYSE:HMLP) traded up $0.20 during mid-day trading on Tuesday, reaching $17.55. 89,700 shares of the company traded hands, compared to its average volume of 56,344. Hoegh LNG Partners has a one year low of $16.90 and a one year high of $20.65. The stock has a market cap of $571.18, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 1.01.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Thursday, November 2nd were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date of this dividend was Wednesday, November 1st. Hoegh LNG Partners’s payout ratio is presently 69.92%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Stifel Financial Corp boosted its holdings in shares of Hoegh LNG Partners by 3.3% during the 2nd quarter. Stifel Financial Corp now owns 18,398 shares of the shipping company’s stock valued at $351,000 after acquiring an additional 591 shares during the last quarter. FMR LLC boosted its holdings in shares of Hoegh LNG Partners by 2.5% during the 2nd quarter. FMR LLC now owns 1,448,061 shares of the shipping company’s stock valued at $27,730,000 after acquiring an additional 35,806 shares during the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Hoegh LNG Partners by 341.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 5,219 shares of the shipping company’s stock valued at $100,000 after acquiring an additional 4,037 shares during the last quarter. Bard Associates Inc. purchased a new stake in shares of Hoegh LNG Partners during the 2nd quarter valued at about $321,000. Finally, Kayne Anderson Capital Advisors LP lifted its stake in shares of Hoegh LNG Partners by 1.9% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 2,297,453 shares of the shipping company’s stock worth $43,988,000 after purchasing an additional 43,400 shares during the period. 67.12% of the stock is currently owned by hedge funds and other institutional investors.

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Hoegh LNG Partners Company Profile

Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.

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Earnings History and Estimates for Hoegh LNG Partners (NYSE:HMLP)

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