Zacks: Analysts Predict Teekay LNG Partners LP (NYSE: TGP) to Report EPS of $ 0.56

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Equity research analysts expect Teekay LNG Partners LP (NYSE: TGP) to report earnings of $ 0.56 per share for the current quarter, according to Zacks investment research. Four analysts estimated Teekay LNG Partners’ earnings, with estimates ranging from $ 0.53 to $ 0.63. Teekay LNG Partners posted earnings of $ 0.59 per share in the same quarter last year, indicating a negative growth rate of 5.1% year-over-year. The company is expected to release its next earnings report on Thursday, November 11.

On average, analysts expect Teekay LNG Partners to report annual earnings of $ 2.45 per share for the current year, with EPS estimates ranging from $ 2.33 to $ 2.67. For next year, analysts expect the company to post earnings of $ 2.47 per share, with EPS estimates ranging from $ 2.29 to $ 2.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts who cover Teekay LNG Partners.

Teekay LNG Partners (NYSE: TGP) last released its results on Thursday, August 5. The shipping company reported EPS of $ 0.57 for the quarter, missing the consensus estimate of $ 0.63 ($ 0.06). Teekay LNG Partners had a net margin of 35.78% and a return on equity of 15.62%. The company posted revenue of $ 142.41 million for the quarter, compared to analysts’ expectations of $ 139.53 million.

Several equity research analysts recently published reports on TGP stocks. Jefferies Financial Group set a target price of $ 15.03 on Teekay LNG Partners and rated the stock “neutral” in a report released on Tuesday, July 13. Zacks investment research reduced Teekay LNG Partners from a “hold” rating to a “sell” rating in a report released Friday, September 17.

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Several large investors have recently increased or reduced their stakes in the company. First Trust Advisors LP increased its stake in Teekay LNG Partners shares by 676.0% during the second quarter. First Trust Advisors LP now owns 1,213,201 shares of the shipping company valued at $ 18,307,000 after purchasing an additional 1,056,868 shares during the period. FMR LLC increased its stake in Teekay LNG Partners shares by 2.8% during the second quarter. FMR LLC now owns 7,214,980 shares of the shipping company valued at $ 108,873,000 after acquiring 195,000 additional shares during the last quarter. Renaissance Technologies LLC increased its stake in Teekay LNG Partners shares by 261.2% during the second quarter. Renaissance Technologies LLC now owns 227,900 shares of the shipping company valued at $ 3,439,000 after acquiring an additional 164,800 shares during the last quarter. Royal Bank of Canada increased its stake in Teekay LNG Partners shares by 316.1% during the first quarter. Royal Bank of Canada now owns 152,098 shares of the shipping company valued at $ 2,189,000 after acquiring an additional 115,541 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Teekay LNG Partners shares by 10,272.7% during the first quarter. Bank of Montreal Can now owns 79,870 shares of the shipping company valued at $ 1,179,000 after acquiring 79,100 additional shares during the last quarter. Institutional investors and hedge funds hold 21.45% of the company’s shares.

TGP Actions opened for $ 15.69 on Friday. The company has a market cap of $ 1.36 billion, a P / E ratio of 7.30 and a beta of 1.24. The company has a debt to equity ratio of 1.45, a current ratio of 0.37, and a quick ratio of 0.37. The stock’s fifty-day moving average price is $ 14.73 and its 200-day moving average price is $ 14.95. Teekay LNG Partners has a one-year minimum at $ 10.12 and a one-year maximum at $ 17.20.

The company also recently announced a quarterly dividend, which was paid on Friday, August 13. Shareholders of record on Thursday, August 5, received a dividend of $ 0.287 per share. The ex-dividend date was Wednesday August 4. This represents an annualized dividend of $ 1.15 and a dividend yield of 7.32%. Teekay LNG Partners’ dividend payout ratio (DPR) is 46.94%.

About Teekay LNG Partners

Teekay LNG Partners LP provides marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil. It operates through the following segments: LNG, LPG and conventional petroleum. The company was founded on November 3, 2004 and is headquartered in Hamilton, Bermuda.

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