Wall Street brokerages forecast that Teekay Lng Partners, L.P. (NYSE:TGP) will report $0.62 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Teekay Lng Partners’ earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.59. Teekay Lng Partners posted earnings per share of $0.32 in the same quarter last year, which would suggest a positive year-over-year growth rate of 93.8%. The firm is expected to issue its next earnings report on Thursday, February 20th.
On average, analysts expect that Teekay Lng Partners will report full-year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.81 to $1.85. For the next financial year, analysts forecast that the firm will post earnings of $2.51 per share, with EPS estimates ranging from $2.30 to $2.65. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Teekay Lng Partners.
Teekay Lng Partners (NYSE:TGP) last issued its quarterly earnings data on Wednesday, November 13th. The shipping company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.49 by $0.06. The company had revenue of $149.70 million during the quarter, compared to analysts’ expectations of $167.28 million. Teekay Lng Partners had a net margin of 15.72% and a return on equity of 9.24%. Teekay Lng Partners’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share.
A number of hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System boosted its stake in shares of Teekay Lng Partners by 70.7% in the 3rd quarter. California Public Employees Retirement System now owns 93,751 shares of the shipping company’s stock valued at $1,280,000 after purchasing an additional 38,836 shares in the last quarter. O Keefe Stevens Advisory Inc. raised its holdings in Teekay Lng Partners by 6.6% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 175,333 shares of the shipping company’s stock valued at $2,393,000 after buying an additional 10,790 shares during the last quarter. Royal Bank of Canada raised its holdings in Teekay Lng Partners by 445.1% during the 2nd quarter. Royal Bank of Canada now owns 54,515 shares of the shipping company’s stock valued at $769,000 after buying an additional 44,514 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Teekay Lng Partners by 101.7% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,889 shares of the shipping company’s stock valued at $126,000 after buying an additional 4,482 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Teekay Lng Partners during the 2nd quarter valued at $200,000. 28.45% of the stock is owned by institutional investors and hedge funds.
NYSE:TGP traded down $0.42 during mid-day trading on Thursday, hitting $15.32. 285,409 shares of the stock traded hands, compared to its average volume of 256,178. The business’s 50-day moving average price is $14.25 and its 200 day moving average price is $14.42. The company has a market cap of $1.21 billion, a PE ratio of 20.16 and a beta of 1.53. Teekay Lng Partners has a 12-month low of $10.74 and a 12-month high of $16.74. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.84.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a $0.19 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.96%. Teekay Lng Partners’s dividend payout ratio is presently 100.00%.
Teekay Lng Partners Company Profile
Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company operates through three segments: The Liquefied Natural Gas, The Liquefied Petroleum Gas, and The Conventional Tanker. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.
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