Zacks: Brokerages Anticipate Transportadora de Gas del Sur SA ADR (NYSE:TGS) Will Post Earnings of $0.23 Per Share

Analysts forecast that Transportadora de Gas del Sur SA ADR (NYSE:TGS) will announce $0.23 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Transportadora de Gas del Sur’s earnings. Transportadora de Gas del Sur posted earnings of $0.44 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 47.7%. The company is expected to issue its next earnings report on Friday, May 8th.

On average, analysts expect that Transportadora de Gas del Sur will report full-year earnings of $0.29 per share for the current fiscal year. For the next fiscal year, analysts expect that the company will post earnings of $0.59 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Transportadora de Gas del Sur.

Transportadora de Gas del Sur (NYSE:TGS) last issued its quarterly earnings data on Friday, March 6th. The energy company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.28. Transportadora de Gas del Sur had a return on equity of 26.68% and a net margin of 26.21%. The business had revenue of $216.65 million for the quarter.

A number of research analysts recently weighed in on TGS shares. Zacks Investment Research raised Transportadora de Gas del Sur from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research note on Wednesday, March 11th. ValuEngine raised Transportadora de Gas del Sur from a “sell” rating to a “hold” rating in a report on Tuesday, March 17th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGS. Benjamin F. Edwards & Company Inc. grew its holdings in Transportadora de Gas del Sur by 89.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,891 shares of the energy company’s stock valued at $35,000 after buying an additional 2,306 shares during the last quarter. NEXT Financial Group Inc acquired a new stake in Transportadora de Gas del Sur in the 4th quarter valued at approximately $40,000. Barclays PLC grew its holdings in Transportadora de Gas del Sur by 88.4% in the 3rd quarter. Barclays PLC now owns 15,634 shares of the energy company’s stock valued at $132,000 after buying an additional 7,334 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in Transportadora de Gas del Sur in the 4th quarter valued at approximately $139,000. Finally, FNY Investment Advisers LLC acquired a new stake in Transportadora de Gas del Sur in the 4th quarter valued at approximately $185,000. 6.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TGS stock traded down $0.16 during trading on Monday, reaching $4.52. The company had a trading volume of 772,367 shares, compared to its average volume of 497,342. The firm’s 50 day simple moving average is $5.55 and its two-hundred day simple moving average is $6.76. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.63 and a quick ratio of 2.59. Transportadora de Gas del Sur has a one year low of $3.72 and a one year high of $16.69. The company has a market capitalization of $670.18 million, a PE ratio of 3.01 and a beta of 0.72.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

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