Hoegh LNG Partners (HMLP) to Release Quarterly Earnings on Thursday

Hoegh LNG Partners (NYSE:HMLP) will issue its quarterly earnings data before the market opens on Thursday, May 31st. Analysts expect the company to announce earnings of $0.35 per share for the quarter.

Hoegh LNG Partners (NYSE:HMLP) last issued its quarterly earnings data on Wednesday, February 28th. The shipping company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.23. The firm had revenue of $37.60 million during the quarter, compared to the consensus estimate of $36.21 million. Hoegh LNG Partners had a net margin of 33.99% and a return on equity of 10.71%. Hoegh LNG Partners’s revenue for the quarter was up 61.4% compared to the same quarter last year. On average, analysts expect Hoegh LNG Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of HMLP stock opened at $18.55 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.73 and a quick ratio of 0.72. The company has a market cap of $626.94 million, a price-to-earnings ratio of 13.64, a P/E/G ratio of 0.92 and a beta of 0.91. Hoegh LNG Partners has a 12-month low of $15.32 and a 12-month high of $20.00.



The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Friday, May 4th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, May 3rd. This is an increase from Hoegh LNG Partners’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 9.49%. Hoegh LNG Partners’s dividend payout ratio (DPR) is 129.41%.

HMLP has been the subject of several research reports. ValuEngine downgraded shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Bank of America cut their price objective on shares of Hoegh LNG Partners from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 2nd. Morgan Stanley cut their price objective on shares of Hoegh LNG Partners from $20.50 to $20.00 and set an “overweight” rating for the company in a research report on Monday, February 12th. Zacks Investment Research upgraded shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating and set a $19.00 price objective for the company in a research report on Monday, February 26th. Finally, B. Riley initiated coverage on shares of Hoegh LNG Partners in a research report on Thursday, May 17th. They set a “buy” rating and a $21.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $20.67.

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, 2017, it had a fleet of five FSRUs.

Earnings History for Hoegh LNG Partners (NYSE:HMLP)

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