TransMontaigne Partners (TLP) Issues Earnings Results

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TransMontaigne Partners (NYSE:TLP) announced its quarterly earnings data on Thursday. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01), MarketWatch Earnings reports. The company had revenue of $57.15 million for the quarter, compared to analysts’ expectations of $58.11 million. TransMontaigne Partners had a net margin of 19.14% and a return on equity of 10.81%.

NYSE:TLP traded down $0.20 during trading hours on Friday, reaching $37.90. 10,466 shares of the company traded hands, compared to its average volume of 21,720. The stock has a market capitalization of $615.63 million, a price-to-earnings ratio of 21.81, a PEG ratio of 4.35 and a beta of 0.18. TransMontaigne Partners has a 1 year low of $33.97 and a 1 year high of $42.85. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.63.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Wednesday, October 31st were paid a dividend of $0.805 per share. This is a boost from TransMontaigne Partners’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $3.22 dividend on an annualized basis and a yield of 8.50%. TransMontaigne Partners’s payout ratio is presently 146.36%.

A number of brokerages have issued reports on TLP. UBS Group lowered their price objective on TransMontaigne Partners from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, August 10th. Wells Fargo & Co lowered their price objective on TransMontaigne Partners from $41.00 to $38.00 and set a “market perform” rating for the company in a research note on Tuesday, August 14th. Zacks Investment Research upgraded TransMontaigne Partners from a “sell” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Tuesday, October 16th. Finally, TheStreet cut TransMontaigne Partners from a “b” rating to a “c+” rating in a research note on Wednesday, September 5th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $44.00.

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TransMontaigne Partners Company Profile

TransMontaigne Partners L.P. provides integrated terminaling, storage, transportation, and related services. The company operates through Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals, Southeast terminals, and West Coast terminals segments. It offers its services for companies 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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Earnings History for TransMontaigne Partners (NYSE:TLP)

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