Analysts predict that Tsakos Energy Navigation Ltd. (NYSE:TNP) will post earnings of ($0.08) per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Tsakos Energy Navigation’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.14). Tsakos Energy Navigation posted earnings per share of ($0.02) during the same quarter last year, which would indicate a negative year over year growth rate of 300%. The company is expected to announce its next earnings results before the market opens on Thursday, November 30th.

On average, analysts expect that Tsakos Energy Navigation will report full year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.02 to $0.20. For the next financial year, analysts anticipate that the firm will post earnings of $0.77 per share, with EPS estimates ranging from $0.42 to $0.98. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Tsakos Energy Navigation.

Tsakos Energy Navigation (NYSE:TNP) last issued its quarterly earnings results on Friday, September 15th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.08). Tsakos Energy Navigation had a return on equity of 2.39% and a net margin of 6.86%. The company had revenue of $104.06 million for the quarter, compared to analysts’ expectations of $108.51 million.

Several brokerages have recently issued reports on TNP. Maxim Group set a $6.00 price target on shares of Tsakos Energy Navigation and gave the stock a “buy” rating in a research note on Friday, November 17th. Stifel Nicolaus set a $7.00 price target on shares of Tsakos Energy Navigation and gave the stock a “buy” rating in a research note on Sunday, October 29th. Jefferies Group LLC restated a “buy” rating and set a $6.00 price target on shares of Tsakos Energy Navigation in a research note on Monday, October 16th. Morgan Stanley decreased their price target on shares of Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating for the company in a research note on Monday, September 18th. Finally, Cowen Inc decreased their price target on shares of Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, September 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. Tsakos Energy Navigation has an average rating of “Buy” and a consensus price target of $5.75.

Institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its stake in Tsakos Energy Navigation by 124.0% in the 1st quarter. Morgan Stanley now owns 444,556 shares of the shipping company’s stock valued at $2,129,000 after buying an additional 246,081 shares in the last quarter. Global X Management Co. LLC grew its stake in Tsakos Energy Navigation by 22.8% in the 2nd quarter. Global X Management Co. LLC now owns 1,345,697 shares of the shipping company’s stock valued at $6,459,000 after buying an additional 249,746 shares in the last quarter. Blair William & Co. IL grew its stake in Tsakos Energy Navigation by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 214,500 shares of the shipping company’s stock valued at $1,030,000 after buying an additional 2,500 shares in the last quarter. Wells Fargo & Company MN grew its stake in Tsakos Energy Navigation by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 716,895 shares of the shipping company’s stock valued at $3,441,000 after buying an additional 17,648 shares in the last quarter. Finally, Afam Capital Inc. grew its stake in Tsakos Energy Navigation by 69.8% in the 2nd quarter. Afam Capital Inc. now owns 540,084 shares of the shipping company’s stock valued at $2,592,000 after buying an additional 221,995 shares in the last quarter. Institutional investors and hedge funds own 27.83% of the company’s stock.

Shares of Tsakos Energy Navigation (TNP) opened at $4.24 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.03. Tsakos Energy Navigation has a one year low of $4.05 and a one year high of $5.28. The stock has a market cap of $357.74, a P/E ratio of 20.19, a PEG ratio of 2.41 and a beta of 1.61.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Thursday, November 9th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 4.72%. Tsakos Energy Navigation’s dividend payout ratio is 100.00%.

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Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 57 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.

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Earnings History and Estimates for Tsakos Energy Navigation (NYSE:TNP)

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