Brokerages Anticipate Hoegh LNG Partners LP (HMLP) Will Announce Earnings of $0.35 Per Share

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Equities research analysts predict that Hoegh LNG Partners LP (NYSE:HMLP) will announce $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Hoegh LNG Partners’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.41. Hoegh LNG Partners reported earnings of $0.37 per share in the same quarter last year, which suggests a negative year over year growth rate of 5.4%. The business is expected to report its next earnings results on Thursday, May 30th.

On average, analysts expect that Hoegh LNG Partners will report full-year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.65 to $1.95. For the next fiscal year, analysts anticipate that the business will post earnings of $1.84 per share, with EPS estimates ranging from $1.65 to $2.15. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Hoegh LNG Partners.

Hoegh LNG Partners (NYSE:HMLP) last issued its quarterly earnings data on Wednesday, February 27th. The shipping company reported $0.44 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.44. The company had revenue of $37.76 million for the quarter, compared to the consensus estimate of $34.86 million. Hoegh LNG Partners had a net margin of 52.96% and a return on equity of 18.94%.

HMLP has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Hoegh LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, February 6th. TheStreet upgraded shares of Hoegh LNG Partners from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. Finally, Nordea Equity Research downgraded shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.80.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMLP. Barclays PLC grew its holdings 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 buying an additional 3,780 shares in the last quarter. Sigma Planning Corp bought a new position in shares of Hoegh LNG Partners in the fourth quarter worth $155,000. Bell Rock Capital LLC boosted its stake in Hoegh LNG Partners by 53.0% during the fourth quarter. Bell Rock Capital LLC now owns 11,400 shares of the shipping company’s stock valued at $175,000 after buying an additional 3,950 shares in the last quarter. Virtu Financial LLC bought a new position in Hoegh LNG Partners during the first quarter valued at about $219,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Hoegh LNG Partners during the fourth quarter valued at about $226,000. Institutional investors and hedge funds own 23.96% of the company’s stock.

Hoegh LNG Partners stock traded down $0.13 during midday trading on Wednesday, reaching $19.36. 6,306 shares of the company traded hands, compared to its average volume of 73,309. The company has a market cap of $644.73 million, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 0.92 and a beta of 1.00. Hoegh LNG Partners has a 12 month low of $14.50 and a 12 month high of $19.68. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.06.

About Hoegh 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, 2018, it had a fleet of five FSRUs.

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