Equities analysts expect that Tsakos Energy Navigation Ltd. (NYSE:TNP) will post $115.18 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Tsakos Energy Navigation’s earnings, with the lowest sales estimate coming in at $112.20 million and the highest estimate coming in at $119.61 million. Tsakos Energy Navigation posted sales of $99.08 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.2%. The company is scheduled to announce its next quarterly earnings report on Friday, March 16th.
According to Zacks, analysts expect that Tsakos Energy Navigation will report full-year sales of $115.18 million for the current year, with estimates ranging from $416.08 million to $428.75 million. For the next year, analysts anticipate that the firm will post sales of $488.82 million per share, with estimates ranging from $433.13 million to $518.29 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Tsakos Energy Navigation.
Tsakos Energy Navigation (NYSE:TNP) last posted its quarterly earnings results on Thursday, November 30th. The shipping company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Tsakos Energy Navigation had a net margin of 5.64% and a return on equity of 2.02%. The company had revenue of $96.92 million for the quarter, compared to analysts’ expectations of $101.62 million.
Several hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH lifted its stake in shares of Tsakos Energy Navigation by 7.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 312,596 shares of the shipping company’s stock valued at $1,403,000 after purchasing an additional 21,759 shares during the last quarter. Kopernik Global Investors LLC lifted its stake in shares of Tsakos Energy Navigation by 20.5% in the 3rd quarter. Kopernik Global Investors LLC now owns 4,766,897 shares of the shipping company’s stock valued at $21,404,000 after purchasing an additional 811,357 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Tsakos Energy Navigation by 218.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 323,107 shares of the shipping company’s stock valued at $1,473,000 after purchasing an additional 221,587 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Tsakos Energy Navigation by 37.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,391,789 shares of the shipping company’s stock valued at $10,739,000 after purchasing an additional 653,517 shares during the last quarter. Finally, WFG Advisors LP lifted its stake in shares of Tsakos Energy Navigation by 0.3% in the 2nd quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock valued at $248,000 after purchasing an additional 156 shares during the last quarter. 25.96% of the stock is owned by institutional investors and hedge funds.
Tsakos Energy Navigation (NYSE:TNP) traded down $0.12 during trading on Wednesday, hitting $3.95. 339,716 shares of the stock traded hands, compared to its average volume of 329,200. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.03. Tsakos Energy Navigation has a fifty-two week low of $3.82 and a fifty-two week high of $5.27. The stock has a market cap of $333.27, a PE ratio of 19.75, a P/E/G ratio of 0.62 and a beta of 1.52.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, December 21st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Wednesday, December 20th. Tsakos Energy Navigation’s payout ratio is presently 100.00%.
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Tsakos Energy Navigation Company Profile
Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 57 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.
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