$0.74 Earnings Per Share Expected for Transportadora de Gas del Sur SA ADR Class B (TGS) This Quarter

Wall Street brokerages forecast that Transportadora de Gas del Sur SA ADR Class B (NYSE:TGS) will post $0.74 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Transportadora de Gas del Sur SA ADR Class B’s earnings. Transportadora de Gas del Sur SA ADR Class B reported earnings per share of $0.19 in the same quarter last year, which indicates a positive year-over-year growth rate of 289.5%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that Transportadora de Gas del Sur SA ADR Class B will report full year earnings of $2.02 per share for the current year. For the next financial year, analysts anticipate that the business will post earnings of $1.52 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Transportadora de Gas del Sur SA ADR Class B.

Several research firms have recently issued reports on TGS. ValuEngine downgraded Transportadora de Gas del Sur SA ADR Class B from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded Transportadora de Gas del Sur SA ADR Class B from a “hold” rating to a “strong sell” rating in a research note on Saturday, June 30th. Finally, Santander upgraded Transportadora de Gas del Sur SA ADR Class B from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of Transportadora de Gas del Sur SA ADR Class B by 115.6% during the 1st quarter. Wells Fargo & Company MN now owns 1,372,288 shares of the energy company’s stock worth $27,912,000 after acquiring an additional 735,832 shares in the last quarter. Newfoundland Capital Management boosted its stake in Transportadora de Gas del Sur SA ADR Class B by 383.9% during the 2nd quarter. Newfoundland Capital Management now owns 1,102,012 shares of the energy company’s stock valued at $13,378,000 after purchasing an additional 874,260 shares during the period. Bienville Capital Management LLC boosted its stake in Transportadora de Gas del Sur SA ADR Class B by 58.5% during the 2nd quarter. Bienville Capital Management LLC now owns 831,055 shares of the energy company’s stock valued at $10,089,000 after purchasing an additional 306,887 shares during the period. Carmignac Gestion boosted its stake in Transportadora de Gas del Sur SA ADR Class B by 37.6% during the 1st quarter. Carmignac Gestion now owns 712,677 shares of the energy company’s stock valued at $14,496,000 after purchasing an additional 194,796 shares during the period. Finally, Global X Management Co. LLC boosted its stake in Transportadora de Gas del Sur SA ADR Class B by 7.6% during the 1st quarter. Global X Management Co. LLC now owns 382,157 shares of the energy company’s stock valued at $7,773,000 after purchasing an additional 26,957 shares during the period. Institutional investors own 9.38% of the company’s stock.

Shares of TGS traded up $0.51 during trading hours on Wednesday, hitting $13.70. 7,466 shares of the company were exchanged, compared to its average volume of 151,449. The company has a market cap of $2.10 billion, a PE ratio of 12.62 and a beta of 1.35. Transportadora de Gas del Sur SA ADR Class B has a 52 week low of $11.76 and a 52 week high of $24.22. The company has a debt-to-equity ratio of 2.03, a quick ratio of 5.69 and a current ratio of 5.83.

The business also recently declared an annual dividend, which was paid on Tuesday, August 21st. Stockholders of record on Tuesday, August 21st were paid a dividend of $0.278 per share. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, August 20th. This is an increase from Transportadora de Gas del Sur SA ADR Class B’s previous annual dividend of $0.03. Transportadora de Gas del Sur SA ADR Class B’s dividend payout ratio is 26.17%.

Transportadora de Gas del Sur SA ADR Class B Company Profile

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

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