Analysts Expect Hoegh LNG Partners LP (NYSE:HMLP) to Announce $0.35 Earnings Per Share

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Wall Street analysts expect that Hoegh LNG Partners LP (NYSE:HMLP) will report $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Hoegh LNG Partners’ earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.28. Hoegh LNG Partners reported earnings of $0.50 per share in the same quarter last year, which would indicate a negative year over year growth rate of 30%. The firm is scheduled to issue its next earnings results on Thursday, December 5th.

On average, analysts expect that Hoegh LNG Partners will report full-year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.45. For the next fiscal year, analysts expect that the business will report earnings of $1.52 per share, with EPS estimates ranging from $1.50 to $1.54. Zacks’ EPS averages are an average based on a survey of analysts that follow Hoegh LNG Partners.

Hoegh LNG Partners (NYSE:HMLP) last posted its quarterly earnings results on Thursday, August 22nd. The shipping company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.27). Hoegh LNG Partners had a return on equity of 17.76% and a net margin of 38.82%. The company had revenue of $33.78 million during the quarter, compared to analyst estimates of $35.27 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis.

Several equities analysts recently issued reports on the stock. Citigroup downgraded shares of Hoegh LNG Partners from a “buy” rating to a “sell” rating and cut their price target for the company from $16.00 to $14.00 in a report on Tuesday, October 29th. Zacks Investment Research downgraded shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. B. Riley set a $21.00 price objective on shares of Hoegh LNG Partners and gave the company a “buy” rating in a research report on Thursday, August 22nd. DNB Markets cut shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Finally, Barclays set a $17.00 price objective on shares of Hoegh LNG Partners and gave the company a “hold” rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.40.

A number of institutional investors and hedge funds have recently made changes to their positions in HMLP. Commonwealth Equity Services LLC raised its position in Hoegh LNG Partners by 81.8% during the second quarter. Commonwealth Equity Services LLC now owns 28,281 shares of the shipping company’s stock worth $489,000 after acquiring an additional 12,726 shares in the last quarter. Trustcore Financial Services LLC lifted its position in Hoegh LNG Partners by 14.8% during the second quarter. Trustcore Financial Services LLC now owns 7,000 shares of the shipping company’s stock worth $121,000 after purchasing an additional 900 shares during the period. Sigma Planning Corp lifted its position in Hoegh LNG Partners by 31.4% during the second quarter. Sigma Planning Corp now owns 29,129 shares of the shipping company’s stock worth $504,000 after purchasing an additional 6,968 shares during the period. Arrow Investment Advisors LLC bought a new stake in Hoegh LNG Partners during the second quarter worth about $360,000. Finally, JPMorgan Chase & Co. bought a new stake in Hoegh LNG Partners during the second quarter worth about $422,000. 22.86% of the stock is currently owned by hedge funds and other institutional investors.

HMLP stock traded down $0.05 during trading on Friday, hitting $14.41. 5,252 shares of the stock traded hands, compared to its average volume of 111,502. Hoegh LNG Partners has a one year low of $14.05 and a one year high of $19.98. The stock has a market cap of $477.25 million, a price-to-earnings ratio of 7.90, a P/E/G ratio of 8.65 and a beta of 1.02. The company has a 50 day simple moving average of $15.80 and a 200 day simple moving average of $16.98. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.13.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 12.21%. The ex-dividend date is Wednesday, October 30th. Hoegh LNG Partners’s payout ratio is currently 96.70%.

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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