Analysts Expect Transportadora de Gas del Sur (TGS) Will Announce Earnings of $0.31 Per Share

Brokerages forecast that Transportadora de Gas del Sur (NYSE:TGS) will report earnings per share of $0.31 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Transportadora de Gas del Sur’s earnings. Transportadora de Gas del Sur posted earnings per share of $0.27 during the same quarter last year, which suggests a positive year over year growth rate of 14.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, May 9th.

According to Zacks, analysts expect that Transportadora de Gas del Sur will report full year earnings of $2.13 per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $2.30 per share. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Transportadora de Gas del Sur.

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Several research firms recently commented on TGS. Santander upgraded shares of Transportadora de Gas del Sur from an “underweight” rating to a “hold” rating in a research note on Wednesday, January 17th. Zacks Investment Research downgraded shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Morgan Stanley downgraded shares of Transportadora de Gas del Sur from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective on the stock. in a research note on Tuesday, March 13th.

TGS stock opened at $20.79 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.53 and a current ratio of 1.55. Transportadora de Gas del Sur has a 52 week low of $14.10 and a 52 week high of $24.22. The stock has a market capitalization of $3,336.88, a P/E ratio of 19.43 and a beta of 1.22.

A number of institutional investors have recently made changes to their positions in the business. William Blair Investment Management LLC grew its stake in Transportadora de Gas del Sur by 129.8% during the fourth quarter. William Blair Investment Management LLC now owns 713,825 shares of the energy company’s stock worth $15,868,000 after buying an additional 403,186 shares in the last quarter. Jane Street Group LLC acquired a new stake in Transportadora de Gas del Sur during the fourth quarter worth about $205,000. Driehaus Capital Management LLC acquired a new stake in Transportadora de Gas del Sur during the fourth quarter worth about $333,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Transportadora de Gas del Sur during the fourth quarter worth about $3,135,000. Finally, Geode Capital Management LLC acquired a new stake in Transportadora de Gas del Sur during the fourth quarter worth about $304,000. Hedge funds and other institutional investors own 9.29% of the company’s stock.

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Transportadora de Gas del Sur Company Profile

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Production and Commercialization of Liquids, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, producers, and traders.

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