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

Equities research analysts expect that Höegh LNG Partners LP (NYSE:HMLPGet Rating) will announce sales of $34.74 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Höegh LNG Partners’ earnings, with the lowest sales estimate coming in at $34.58 million and the highest estimate coming in at $34.90 million. Höegh LNG Partners posted sales of $34.78 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.1%. The firm is scheduled to report its next earnings results on Monday, January 1st.

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

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

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus upgraded shares of Höegh LNG Partners from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $8.00 to $9.50 in a report on Monday, March 28th. StockNews.com lowered shares of Höegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, Zacks Investment Research upgraded shares of Höegh LNG Partners from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a research note on Thursday, March 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.50.

Höegh LNG Partners stock opened at $6.73 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50 day simple moving average is $6.36 and its two-hundred day simple moving average is $5.08. Höegh LNG Partners has a fifty-two week low of $3.77 and a fifty-two week high of $18.17. The stock has a market cap of $224.60 million, a price-to-earnings ratio of 5.02 and a beta of 1.59.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Monday, May 2nd were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.59%. The ex-dividend date was Friday, April 29th. Höegh LNG Partners’s dividend payout ratio (DPR) is presently 2.99%.

A number of large investors have recently added to or reduced their stakes in HMLP. UBS Group AG boosted its holdings in Höegh LNG Partners by 65.0% during the 3rd quarter. UBS Group AG now owns 8,813 shares of the shipping company’s stock valued at $44,000 after acquiring an additional 3,472 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Höegh LNG Partners during the 3rd quarter worth $65,000. Virtu Financial LLC acquired a new stake in Höegh LNG Partners in the fourth quarter worth about $61,000. Creative Planning purchased a new position in shares of Höegh LNG Partners in the 3rd quarter valued at approximately $79,000. Finally, Prelude Capital Management LLC acquired a new stake in Höegh LNG Partners in the 1st quarter worth approximately $134,000. 17.69% of the stock is currently owned by institutional investors and hedge funds.

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. As of March 31, 2022, it had a fleet of five FSRUs. Höegh LNG GP LLC is the general partner of the company.

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