Wall Street analysts expect Golar LNG Partners LP (NASDAQ:GMLP) to announce earnings per share (EPS) of $0.44 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Golar LNG Partners’ earnings. The lowest EPS estimate is $0.36 and the highest is $0.51. Golar LNG Partners posted earnings of $0.37 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 18.9%. The firm is expected to issue its next quarterly earnings results on Tuesday, May 30th.
According to Zacks, analysts expect that Golar LNG Partners will report full-year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $1.85 to $2.43. For the next financial year, analysts anticipate that the firm will report earnings of $2.01 per share, with EPS estimates ranging from $1.45 to $2.39. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Golar LNG Partners.
Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings data on Tuesday, February 28th. The shipping company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.41. The business had revenue of $114.94 million for the quarter, compared to analyst estimates of $115.30 million. Golar LNG Partners had a return on equity of 27.10% and a net margin of 35.76%.
A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded Golar LNG Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, February 1st. Jefferies Group LLC boosted their price target on Golar LNG Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st.
Shares of Golar LNG Partners (NASDAQ:GMLP) traded up 1.27% during mid-day trading on Monday, reaching $21.48. The company had a trading volume of 430,254 shares. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 7.86 and a beta of 1.03. The firm’s 50-day moving average is $22.18 and its 200 day moving average is $22.35. Golar LNG Partners has a 12 month low of $15.55 and a 12 month high of $25.82.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Friday, May 5th will be given a dividend of $0.5775 per share. This represents a $2.31 dividend on an annualized basis and a yield of 10.75%. The ex-dividend date of this dividend is Wednesday, May 3rd. Golar LNG Partners’s dividend payout ratio (DPR) is presently 78.04%.
Several large investors have recently modified their holdings of GMLP. Acrospire Investment Management LLC boosted its stake in shares of Golar LNG Partners by 39.3% in the third quarter. Acrospire Investment Management LLC now owns 9,472 shares of the shipping company’s stock worth $186,000 after buying an additional 2,672 shares in the last quarter. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Golar LNG Partners during the first quarter worth about $201,000. PNC Financial Services Group Inc. boosted its stake in shares of Golar LNG Partners by 39.5% in the third quarter. PNC Financial Services Group Inc. now owns 10,600 shares of the shipping company’s stock worth $207,000 after buying an additional 3,000 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Golar LNG Partners during the third quarter worth about $211,000. Finally, Mosaic Family Wealth LLC boosted its stake in shares of Golar LNG Partners by 0.3% in the third quarter. Mosaic Family Wealth LLC now owns 12,405 shares of the shipping company’s stock worth $244,000 after buying an additional 37 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.
About Golar LNG Partners
Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The Company operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.
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