$0.41 EPS Expected for TSAKOS ENERGY N/SH (NYSE:TNP) This Quarter
Equities analysts expect TSAKOS ENERGY N/SH (NYSE:TNP) to post earnings of $0.41 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for TSAKOS ENERGY N/SH’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.42. TSAKOS ENERGY N/SH posted earnings of $0.01 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 4,000%. The firm is expected to issue its next earnings report on Thursday, June 4th.
According to Zacks, analysts expect that TSAKOS ENERGY N/SH will report full year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.55 to $2.13. For the next year, analysts expect that the company will post earnings of $0.91 per share, with EPS estimates ranging from $0.39 to $1.43. Zacks’ earnings per share averages are an average based on a survey of research firms that follow TSAKOS ENERGY N/SH.
TSAKOS ENERGY N/SH (NYSE:TNP) last issued its earnings results on Tuesday, March 24th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03). TSAKOS ENERGY N/SH had a net margin of 2.53% and a return on equity of 2.94%. The company had revenue of $146.47 million during the quarter, compared to analysts’ expectations of $157.16 million.
TSAKOS ENERGY N/SH stock traded up $0.01 during mid-day trading on Friday, reaching $2.45. The company had a trading volume of 1,251,218 shares, compared to its average volume of 940,300. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.12 and a quick ratio of 1.08. The stock’s 50-day simple moving average is $2.98 and its 200-day simple moving average is $3.28. TSAKOS ENERGY N/SH has a 1 year low of $1.70 and a 1 year high of $4.77. The company has a market capitalization of $238.65 million, a P/E ratio of -7.90 and a beta of 0.81.
Hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. purchased a new stake in TSAKOS ENERGY N/SH in the 4th quarter worth approximately $31,000. UBS Group AG boosted its holdings in shares of TSAKOS ENERGY N/SH by 121.5% in the 4th quarter. UBS Group AG now owns 10,620 shares of the shipping company’s stock valued at $46,000 after purchasing an additional 5,826 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of TSAKOS ENERGY N/SH in the 4th quarter valued at $49,000. Mackenzie Financial Corp acquired a new position in shares of TSAKOS ENERGY N/SH in the 1st quarter valued at $63,000. Finally, Credit Suisse AG acquired a new position in shares of TSAKOS ENERGY N/SH in the 4th quarter valued at $71,000. 31.93% of the stock is owned by hedge funds and other institutional investors.
TSAKOS ENERGY N/SH Company Profile
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 20, 2018, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers.
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