Hoegh LNG Partners (HMLP) Scheduled to Post Quarterly Earnings on Thursday

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Hoegh LNG Partners (NYSE:HMLP) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, August 22nd. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Hoegh LNG Partners (NYSE:HMLP) last announced its earnings results on Wednesday, May 29th. The shipping company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05. Hoegh LNG Partners had a net margin of 47.40% and a return on equity of 19.69%. The firm had revenue of $36.14 million for the quarter, compared to analysts’ expectations of $37.14 million. During the same quarter in the previous year, the business posted $0.56 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts expect Hoegh LNG Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of HMLP stock opened at $16.68 on Wednesday. Hoegh LNG Partners has a 12 month low of $14.50 and a 12 month high of $19.98. The stock has a market cap of $556.09 million, a PE ratio of 9.16, a price-to-earnings-growth ratio of 9.04 and a beta of 0.98. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.10. The company’s fifty day moving average price is $17.42 and its 200-day moving average price is $18.14.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 10.55%. The ex-dividend date of this dividend was Wednesday, July 31st. Hoegh LNG Partners’s payout ratio is 96.70%.

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

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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Earnings History for Hoegh LNG Partners (NYSE:HMLP)

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