Hoegh LNG Partners (NYSE:HMLP) issued its quarterly earnings results on Thursday. The shipping company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.27), Briefing.com reports. The firm had revenue of $33.78 million for the quarter, compared to the consensus estimate of $35.27 million. Hoegh LNG Partners had a net margin of 38.82% and a return on equity of 17.42%. The business’s revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS.
HMLP stock opened at $14.75 on Friday. The stock has a market capitalization of $496.59 million, a PE ratio of 9.44, a price-to-earnings-growth ratio of 8.12 and a beta of 0.98. The company’s 50-day moving average is $17.29 and its 200-day moving average is $18.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.99 and a quick ratio of 0.98. Hoegh LNG Partners has a 1 year low of $14.05 and a 1 year high of $19.98.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were given a dividend of $0.44 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 11.93%. Hoegh LNG Partners’s dividend payout ratio (DPR) is presently 96.70%.
A number of analysts have commented on the stock. TheStreet cut shares of Hoegh LNG Partners from a “b-” rating to a “c+” rating in a research report on Thursday, August 8th. Zacks Investment Research raised shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, ValuEngine cut shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price 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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