Brokerages Expect Transportadora de Gas del Sur SA ADR (TGS) to Announce $0.33 EPS

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Analysts expect that Transportadora de Gas del Sur SA ADR (NYSE:TGS) will post $0.33 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Transportadora de Gas del Sur’s earnings. Transportadora de Gas del Sur reported earnings per share of $0.30 during the same quarter last year, which would suggest a positive year-over-year growth rate of 10%. The firm is scheduled to report its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that Transportadora de Gas del Sur will report full-year earnings of $1.36 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $1.36 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Transportadora de Gas del Sur.

Transportadora de Gas del Sur (NYSE:TGS) last issued its earnings results on Friday, May 10th. The energy company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. Transportadora de Gas del Sur had a return on equity of 55.91% and a net margin of 33.04%. The firm had revenue of $277.30 million for the quarter.

A number of equities analysts have issued reports on TGS shares. Santander upgraded Transportadora de Gas del Sur from a “hold” rating to a “buy” rating in a report on Tuesday, February 26th. TheStreet raised Transportadora de Gas del Sur from a “c+” rating to a “b-” rating in a report on Wednesday, February 13th. Zacks Investment Research raised Transportadora de Gas del Sur from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Thursday, April 25th. Finally, ValuEngine raised Transportadora de Gas del Sur from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 8th.

TGS traded down $0.06 during midday trading on Friday, reaching $13.16. 252,292 shares of the company were exchanged, compared to its average volume of 459,589. The company has a current ratio of 3.04, a quick ratio of 3.01 and a debt-to-equity ratio of 0.63. Transportadora de Gas del Sur has a one year low of $8.81 and a one year high of $17.78. The stock has a market cap of $2.07 billion, a P/E ratio of 6.75 and a beta of 0.45.

Hedge funds have recently modified their holdings of the company. LSV Asset Management bought a new stake in Transportadora de Gas del Sur during the fourth quarter valued at $119,000. Deltec Asset Management LLC boosted its stake in Transportadora de Gas del Sur by 6.7% during the first quarter. Deltec Asset Management LLC now owns 16,000 shares of the energy company’s stock valued at $211,000 after buying an additional 1,000 shares during the period. Fort Sheridan Advisors LLC boosted its stake in Transportadora de Gas del Sur by 56.0% during the first quarter. Fort Sheridan Advisors LLC now owns 17,505 shares of the energy company’s stock valued at $230,000 after buying an additional 6,286 shares during the period. Legal & General Group Plc bought a new stake in Transportadora de Gas del Sur during the third quarter valued at $267,000. Finally, Hsbc Holdings PLC bought a new stake in Transportadora de Gas del Sur during the first quarter valued at $290,000. 9.05% of the stock is owned by institutional investors.

About Transportadora de Gas del Sur

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

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