Wall Street brokerages predict that Golar LNG Partners LP (NASDAQ:GMLP) will report $0.26 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Golar LNG Partners’ earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.32. Golar LNG Partners reported earnings per share of $0.41 in the same quarter last year, which would suggest a negative year over year growth rate of 36.6%. The business is scheduled to report its next quarterly earnings results on Thursday, August 22nd.
On average, analysts expect that Golar LNG Partners will report full year earnings of $0.98 per share for the current year, with EPS estimates ranging from $0.68 to $1.28. For the next year, analysts forecast that the firm will post earnings of $1.15 per share, with EPS estimates ranging from $0.72 to $1.58. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Golar LNG Partners.
Golar LNG Partners (NASDAQ:GMLP) last announced its earnings results on Tuesday, May 21st. The shipping company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company had revenue of $68.05 million for the quarter, compared to the consensus estimate of $70.94 million. Golar LNG Partners had a return on equity of 10.05% and a net margin of 12.69%.
Shares of GMLP stock traded down $0.06 during midday trading on Thursday, hitting $11.21. 111,349 shares of the company were exchanged, compared to its average volume of 276,975. The company has a market capitalization of $794.70 million, a price-to-earnings ratio of 10.68, a PEG ratio of 1.46 and a beta of 1.12. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.08 and a current ratio of 1.10. Golar LNG Partners has a 52 week low of $10.23 and a 52 week high of $16.99.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th were issued a $0.4042 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 14.42%. The ex-dividend date of this dividend was Monday, May 6th. Golar LNG Partners’s dividend payout ratio is currently 154.29%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Regent Investment Management LLC acquired a new position in shares of Golar LNG Partners in the 1st quarter valued at approximately $142,000. Stockman Wealth Management Inc. raised its position in shares of Golar LNG Partners by 6.0% in the 4th quarter. Stockman Wealth Management Inc. now owns 14,050 shares of the shipping company’s stock valued at $152,000 after buying an additional 800 shares in the last quarter. SeaBridge Investment Advisors LLC raised its position in shares of Golar LNG Partners by 50.0% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 6,000 shares of the shipping company’s stock valued at $77,000 after buying an additional 2,000 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Golar LNG Partners in the 4th quarter valued at approximately $195,000. Finally, FMR LLC raised its position in shares of Golar LNG Partners by 1.3% in the 4th quarter. FMR LLC now owns 6,976,827 shares of the shipping company’s stock valued at $75,350,000 after buying an additional 86,367 shares in the last quarter. 32.70% of the stock is owned by hedge funds and other institutional investors.
About Golar LNG Partners
Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in Brazil, Indonesia, Jordan, Kuwait, and the United Arab Emirates. As of March 15, 2019, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.
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