$0.62 EPS Expected for TransMontaigne (TLP) This Quarter

Equities research analysts forecast that TransMontaigne (NYSE:TLP) will report earnings of $0.62 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for TransMontaigne’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.71. TransMontaigne also reported earnings of $0.62 per share during the same quarter last year. The company is expected to report its next quarterly earnings report on Tuesday, May 8th.

On average, analysts expect that TransMontaigne will report full-year earnings of $2.49 per share for the current year, with EPS estimates ranging from $2.26 to $2.62. For the next year, analysts expect that the business will post earnings of $2.73 per share, with EPS estimates ranging from $2.27 to $3.25. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover TransMontaigne.

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TransMontaigne (NYSE:TLP) last issued its quarterly earnings results on Thursday, March 15th. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.11). The business had revenue of $47.61 million for the quarter, compared to analysts’ expectations of $45.09 million. TransMontaigne had a return on equity of 12.16% and a net margin of 24.56%.

A number of research firms recently weighed in on TLP. Zacks Investment Research upgraded shares of TransMontaigne from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. Stifel Nicolaus upped their target price on shares of TransMontaigne from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, March 20th. UBS restated a “buy” rating and set a $59.00 target price (up from $53.00) on shares of TransMontaigne in a research note on Friday, March 2nd. Finally, B. Riley set a $45.00 target price on shares of TransMontaigne and gave the stock a “hold” rating in a research note on Monday, March 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.17.

Shares of NYSE:TLP opened at $40.05 on Thursday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $641.76, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 2.66 and a beta of 0.19. TransMontaigne has a 1 year low of $33.97 and a 1 year high of $47.45.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 8th. Investors of record on Monday, April 30th will be issued a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a yield of 7.84%. This is an increase from TransMontaigne’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Friday, April 27th. TransMontaigne’s dividend payout ratio is 140.00%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Securities LLC acquired a new position in TransMontaigne in the fourth quarter valued at approximately $220,000. Icon Wealth Partners LLC acquired a new position in TransMontaigne in the fourth quarter valued at approximately $345,000. GSA Capital Partners LLP boosted its holdings in TransMontaigne by 88.7% in the third quarter. GSA Capital Partners LLP now owns 10,979 shares of the pipeline company’s stock valued at $469,000 after purchasing an additional 5,161 shares in the last quarter. Searle & CO. boosted its holdings in TransMontaigne by 7.6% in the fourth quarter. Searle & CO. now owns 19,855 shares of the pipeline company’s stock valued at $783,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in TransMontaigne by 32.7% in the third quarter. Stifel Financial Corp now owns 24,786 shares of the pipeline company’s stock valued at $1,051,000 after purchasing an additional 6,110 shares in the last quarter. 61.95% of the stock is owned by hedge funds and other institutional investors.

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TransMontaigne Company Profile

TransMontaigne Partners L.P. provides integrated terminaling, storage, transportation, and related services. The company offers its services to customers 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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