Brokerages Expect Golar LNG Partners LP (NASDAQ:GMLP) Will Announce Earnings of $0.23 Per Share

Equities research analysts expect that Golar LNG Partners LP (NASDAQ:GMLP) will announce earnings per share of $0.23 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Golar LNG Partners’ earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.10. Golar LNG Partners reported earnings per share of $0.41 in the same quarter last year, which suggests a negative year over year growth rate of 43.9%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, August 29th.

According to Zacks, analysts expect that Golar LNG Partners will report full-year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $1.24. For the next financial year, analysts anticipate that the business will post earnings of $1.08 per share, with EPS estimates ranging from $0.55 to $1.53. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Golar LNG Partners.

Golar LNG Partners (NASDAQ:GMLP) last posted its quarterly earnings results on Tuesday, May 21st. The shipping company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Golar LNG Partners had a return on equity of 10.05% and a net margin of 12.69%. The company had revenue of $68.05 million for the quarter, compared to analyst estimates of $70.94 million.

GMLP has been the topic of a number of recent analyst reports. TheStreet cut shares of Golar LNG Partners from a “c” rating to a “d+” rating in a research note on Friday, June 7th. ValuEngine cut shares of Golar LNG Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. BidaskClub cut shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Finally, Zacks Investment Research raised shares of Golar LNG Partners from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $13.83.

Shares of NASDAQ:GMLP traded up $0.05 on Wednesday, reaching $10.19. 166,723 shares of the company were exchanged, compared to its average volume of 257,460. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 1.85. Golar LNG Partners has a 1-year low of $9.32 and a 1-year high of $15.64. The firm has a market cap of $728.75 million, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. The company has a 50-day moving average of $11.15 and a 200-day moving average of $12.07.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.404 per share. The ex-dividend date was Tuesday, August 6th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 15.86%. Golar LNG Partners’s dividend payout ratio (DPR) is presently 154.29%.

Several large investors have recently bought and sold shares of the company. Invesco Ltd. grew its stake in Golar LNG Partners by 6,283.9% in the 2nd quarter. Invesco Ltd. now owns 6,390,187 shares of the shipping company’s stock valued at $72,210,000 after acquiring an additional 6,290,088 shares during the last quarter. Muhlenkamp & Co. Inc. acquired a new stake in Golar LNG Partners in the 1st quarter valued at about $3,077,000. Morgan Stanley grew its stake in Golar LNG Partners by 23.7% in the 2nd quarter. Morgan Stanley now owns 414,238 shares of the shipping company’s stock valued at $4,680,000 after acquiring an additional 79,300 shares during the last quarter. Duff & Phelps Investment Management Co. grew its stake in Golar LNG Partners by 26.5% in the 1st quarter. Duff & Phelps Investment Management Co. now owns 215,000 shares of the shipping company’s stock valued at $2,776,000 after acquiring an additional 45,000 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Golar LNG Partners by 97.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 75,377 shares of the shipping company’s stock valued at $852,000 after acquiring an additional 37,174 shares during the last quarter. 32.70% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Partners Company Profile

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in Brazil, Indonesia, Jordan, Kuwait, and the United Arab Emirates. As of March 15, 2019, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.

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Earnings History and Estimates for Golar LNG Partners (NASDAQ:GMLP)

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