$34.74 Million in Sales Expected for Höegh LNG Partners LP (NYSE:HMLP) This Quarter

Analysts predict that Höegh LNG Partners LP (NYSE:HMLPGet Rating) will report sales of $34.74 million for the current quarter, according to Zacks. Two analysts have made estimates for Höegh LNG Partners’ earnings, with the highest sales estimate coming in at $34.90 million and the lowest estimate coming in at $34.58 million. Höegh LNG Partners reported sales of $34.78 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.1%. The company is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Höegh LNG Partners will report full year sales of $140.71 million for the current fiscal year, with estimates ranging from $139.89 million to $141.53 million. For the next financial year, analysts anticipate that the company will post sales of $140.94 million, with estimates ranging from $140.35 million to $141.53 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Höegh LNG Partners.

Höegh LNG Partners (NYSE:HMLPGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The shipping company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.13). The business had revenue of $36.19 million during the quarter, compared to the consensus estimate of $35.48 million. Höegh LNG Partners had a return on equity of 14.22% and a net margin of 42.47%. During the same quarter in the prior year, the business posted $0.46 earnings per share.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Höegh LNG Partners from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research report on Thursday, March 31st. StockNews.com upgraded Höegh LNG Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, April 5th. Finally, Stifel Nicolaus upgraded Höegh LNG Partners from a “hold” rating to a “buy” rating and lifted their price target for the company from $8.00 to $9.50 in a research report on Monday, March 28th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Höegh LNG Partners currently has a consensus rating of “Hold” and a consensus price target of $9.50.

A number of institutional investors have recently added to or reduced their stakes in the business. Belvedere Trading LLC bought a new stake in Höegh LNG Partners in the first quarter worth $320,000. Goldman Sachs Group Inc. purchased a new position in shares of Höegh LNG Partners in the fourth quarter worth $101,000. Virtu Financial LLC purchased a new position in shares of Höegh LNG Partners in the fourth quarter worth $61,000. Marshall Wace LLP purchased a new position in shares of Höegh LNG Partners in the fourth quarter worth $617,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Höegh LNG Partners by 344.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 58,453 shares of the shipping company’s stock worth $253,000 after purchasing an additional 45,316 shares during the last quarter. 17.69% of the stock is currently owned by institutional investors and hedge funds.

NYSE HMLP opened at $6.42 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.96. Höegh LNG Partners has a twelve month low of $3.77 and a twelve month high of $18.17. The firm has a market capitalization of $213.85 million, a PE ratio of 4.79 and a beta of 1.61. The stock’s 50 day moving average is $5.76 and its 200 day moving average is $4.95.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Shareholders of record on Monday, May 2nd will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, April 29th. Höegh LNG Partners’s dividend payout ratio (DPR) is 2.99%.

Höegh LNG Partners Company Profile (Get Rating)

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, 2021, it had a fleet of five FSRUs.

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