Equities analysts expect TransMontaigne Partners L.P. (NYSE:TLP) to post $0.45 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for TransMontaigne Partners’ earnings. The highest EPS estimate is $0.65 and the lowest is $0.35. TransMontaigne Partners posted earnings per share of $0.47 during the same quarter last year, which indicates a negative year over year growth rate of 4.3%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 14th.
According to Zacks, analysts expect that TransMontaigne Partners will report full year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.54 to $2.16. For the next fiscal year, analysts anticipate that the business will report earnings of $2.05 per share, with EPS estimates ranging from $1.35 to $2.71. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for TransMontaigne Partners.
TransMontaigne Partners (NYSE:TLP) last announced its quarterly earnings results on Thursday, August 9th. The pipeline company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.23). The company had revenue of $55.34 million during the quarter, compared to analyst estimates of $57.48 million. TransMontaigne Partners had a net margin of 19.14% and a return on equity of 10.81%.
A number of brokerages have weighed in on TLP. B. Riley decreased their price target on shares of TransMontaigne Partners from $45.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, June 4th. ValuEngine upgraded shares of TransMontaigne Partners from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. UBS Group decreased their price target on shares of TransMontaigne Partners from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Zacks Investment Research lowered shares of TransMontaigne Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 10th. Finally, Stifel Nicolaus lowered shares of TransMontaigne Partners from a “buy” rating to a “hold” rating and decreased their price target for the company from $43.00 to $40.00 in a report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.25.
Shares of TLP traded down $0.05 during mid-day trading on Wednesday, reaching $38.35. The company had a trading volume of 140 shares, compared to its average volume of 21,182. The firm has a market cap of $622.61 million, a PE ratio of 17.43, a price-to-earnings-growth ratio of 4.39 and a beta of 0.23. TransMontaigne Partners has a fifty-two week low of $33.97 and a fifty-two week high of $45.22. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.63.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 8th. Shareholders of record on Tuesday, July 31st were issued a $0.795 dividend. This represents a $3.18 dividend on an annualized basis and a dividend yield of 8.29%. The ex-dividend date of this dividend was Monday, July 30th. This is a positive change from TransMontaigne Partners’s previous quarterly dividend of $0.79. TransMontaigne Partners’s dividend payout ratio (DPR) is 144.55%.
Several institutional investors and hedge funds have recently made changes to their positions in TLP. Tiedemann Advisors LLC lifted its holdings in shares of TransMontaigne Partners by 6.6% during the 2nd quarter. Tiedemann Advisors LLC now owns 60,780 shares of the pipeline company’s stock valued at $2,239,000 after acquiring an additional 3,750 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of TransMontaigne Partners by 29.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 31,403 shares of the pipeline company’s stock valued at $447,000 after acquiring an additional 7,103 shares in the last quarter. First Republic Investment Management Inc. acquired a new position in shares of TransMontaigne Partners during the 2nd quarter valued at $201,000. OppenheimerFunds Inc. lifted its holdings in shares of TransMontaigne Partners by 3.1% during the 2nd quarter. OppenheimerFunds Inc. now owns 2,407,221 shares of the pipeline company’s stock valued at $88,682,000 after acquiring an additional 72,290 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of TransMontaigne Partners during the 2nd quarter valued at $1,108,000. Institutional investors own 61.91% of the company’s stock.
TransMontaigne Partners Company Profile
TransMontaigne Partners L.P. provides integrated terminaling, storage, transportation, and related services. The company operates through Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals, Southeast terminals, and West Coast terminals segments. It offers its services for companies engaged in the trading, distribution, and marketing of light and heavy refined petroleum products, crude oil, chemicals, fertilizers, and other liquid products.
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