Equities research analysts expect that Hoegh LNG Partners LP (NYSE:HMLP) will report $0.37 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Hoegh LNG Partners’ earnings. The highest EPS estimate is $0.39 and the lowest is $0.35. Hoegh LNG Partners reported earnings of $0.52 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 28.8%. The firm is expected to issue its next earnings results on Thursday, August 22nd.

According to Zacks, analysts expect that Hoegh LNG Partners will report full-year earnings of $1.54 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.58. For the next financial year, analysts forecast that the business will post earnings of $1.54 per share, with EPS estimates ranging from $1.42 to $1.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Hoegh LNG Partners.

Hoegh LNG Partners (NYSE:HMLP) last issued its earnings results on Wednesday, May 29th. The shipping company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The company had revenue of $36.14 million during the quarter, compared to analysts’ expectations of $37.14 million. Hoegh LNG Partners had a return on equity of 19.69% and a net margin of 47.40%. Hoegh LNG Partners’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 EPS.

HMLP has been the subject of several analyst reports. ValuEngine cut Hoegh LNG Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, TheStreet cut Hoegh LNG Partners from a “b-” rating to a “c+” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Hoegh LNG Partners currently has a consensus rating of “Hold” and a consensus price target of $19.80.

Several large investors have recently made changes to their positions in HMLP. Globeflex Capital L P increased its position in Hoegh LNG Partners by 29.9% during the 1st quarter. Globeflex Capital L P now owns 347,310 shares of the shipping company’s stock valued at $6,790,000 after buying an additional 80,034 shares in the last quarter. Renaissance Technologies LLC increased its position in Hoegh LNG Partners by 9.7% during the 2nd quarter. Renaissance Technologies LLC now owns 681,400 shares of the shipping company’s stock valued at $11,788,000 after buying an additional 60,500 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Hoegh LNG Partners during the 2nd quarter valued at approximately $422,000. Arrow Investment Advisors LLC bought a new position in Hoegh LNG Partners during the 2nd quarter valued at approximately $360,000. Finally, FMR LLC increased its position in Hoegh LNG Partners by 1.0% during the 4th quarter. FMR LLC now owns 1,995,306 shares of the shipping company’s stock valued at $30,628,000 after buying an additional 19,400 shares in the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

HMLP stock traded down $0.16 during trading on Friday, hitting $16.26. 4,960 shares of the company traded hands, compared to its average volume of 87,330. The firm has a market capitalization of $542.58 million, a price-to-earnings ratio of 8.98, a PEG ratio of 8.97 and a beta of 0.98. Hoegh LNG Partners has a 1 year low of $14.50 and a 1 year high of $19.98. The stock has a 50-day moving average of $17.51. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.99 and a quick ratio of 0.98.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 10.82%. The ex-dividend date is Wednesday, July 31st. Hoegh LNG Partners’s dividend payout ratio is currently 96.70%.

About Hoegh LNG Partners

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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