Wall Street analysts predict that Hoegh LNG Partners LP (NASDAQ:HMLP) will report earnings per share (EPS) of $0.37 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Hoegh LNG Partners’ earnings. The highest EPS estimate is $0.41 and the lowest is $0.35. Hoegh LNG Partners posted earnings of $0.33 per share during the same quarter last year, which suggests a positive year over year growth rate of 12.1%. The company is expected to announce its next quarterly earnings results on Thursday, November 16th.
On average, analysts expect that Hoegh LNG Partners will report full-year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.39 to $1.48. For the next financial year, analysts forecast that the business will post earnings of $1.53 per share, with EPS estimates ranging from $1.20 to $1.84. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Hoegh LNG Partners.
Hoegh LNG Partners (NASDAQ:HMLP) last issued its quarterly earnings data on Thursday, August 24th. The shipping company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.08). Hoegh LNG Partners had a return on equity of 13.48% and a net margin of 34.87%. The business had revenue of $35.02 million during the quarter, compared to the consensus estimate of $31.94 million.
A number of equities research analysts recently commented on HMLP shares. Zacks Investment Research downgraded Hoegh LNG Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 25th. BidaskClub raised Hoegh LNG Partners from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. ValuEngine raised Hoegh LNG Partners from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, TheStreet raised Hoegh LNG Partners from a “d” rating to a “c+” rating in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Hoegh LNG Partners has an average rating of “Buy” and an average price target of $21.63.
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Large investors have recently made changes to their positions in the business. Stifel Financial Corp acquired a new position in Hoegh LNG Partners in the first quarter valued at approximately $354,000. Acadian Asset Management LLC acquired a new position in Hoegh LNG Partners in the second quarter valued at approximately $428,000. UBS Group AG lifted its holdings in Hoegh LNG Partners by 27.1% in the first quarter. UBS Group AG now owns 9,268 shares of the shipping company’s stock valued at $182,000 after acquiring an additional 1,978 shares during the period. Forward Management LLC lifted its holdings in Hoegh LNG Partners by 125.8% in the second quarter. Forward Management LLC now owns 20,100 shares of the shipping company’s stock valued at $385,000 after acquiring an additional 11,200 shares during the period. Finally, Green Square Capital LLC lifted its holdings in Hoegh LNG Partners by 204.6% in the first quarter. Green Square Capital LLC now owns 74,413 shares of the shipping company’s stock valued at $1,462,000 after acquiring an additional 49,983 shares during the period.
About Hoegh LNG Partners
Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.
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