Teekay Lng Partners (NYSE:TGP) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect Teekay Lng Partners to post earnings of $0.33 per share for the quarter.
Teekay Lng Partners (NYSE:TGP) last posted its quarterly earnings results on Thursday, May 23rd. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $149.74 million for the quarter, compared to analyst estimates of $151.96 million. Teekay Lng Partners had a net margin of 10.92% and a return on equity of 5.75%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. On average, analysts expect Teekay Lng Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Teekay Lng Partners stock traded down $0.15 during mid-day trading on Tuesday, hitting $14.63. The company’s stock had a trading volume of 4,548 shares, compared to its average volume of 151,160. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $1.21 billion, a PE ratio of 19.28 and a beta of 1.51. Teekay Lng Partners has a twelve month low of $10.74 and a twelve month high of $17.50. The firm’s fifty day simple moving average is $14.35.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Monday, August 5th. Teekay Lng Partners’s payout ratio is 100.00%.
Separately, ValuEngine upgraded shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.00.
Teekay Lng Partners Company Profile
Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company operates through three segments: The Liquefied Natural Gas, The Liquefied Petroleum Gas, and The Conventional Tanker. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.
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