Equities analysts predict that Tsakos Energy Navigation Ltd (NYSE:TNP) will announce sales of $103.48 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Tsakos Energy Navigation’s earnings, with the lowest sales estimate coming in at $98.40 million and the highest estimate coming in at $107.40 million. Tsakos Energy Navigation posted sales of $108.16 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.3%. The company is expected to announce its next quarterly earnings results on Friday, May 11th.

According to Zacks, analysts expect that Tsakos Energy Navigation will report full year sales of $438.95 million for the current financial year, with estimates ranging from $426.05 million to $471.62 million. For the next financial year, analysts expect that the company will post sales of $498.84 million per share, with estimates ranging from $420.38 million to $570.46 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Tsakos Energy Navigation.

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Tsakos Energy Navigation (NYSE:TNP) last posted its quarterly earnings data on Monday, March 12th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. The firm had revenue of $106.64 million for the quarter, compared to the consensus estimate of $110.06 million. Tsakos Energy Navigation had a return on equity of 1.35% and a net margin of 1.44%.

Several research firms recently issued reports on TNP. Stifel Nicolaus set a $6.00 price objective on Tsakos Energy Navigation and gave the company a “buy” rating in a report on Wednesday, January 24th. ValuEngine downgraded Tsakos Energy Navigation from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Jefferies Group assumed coverage on Tsakos Energy Navigation in a research note on Monday, December 18th. They set a “buy” rating and a $6.00 target price for the company. JPMorgan Chase lowered their target price on Tsakos Energy Navigation from $5.50 to $5.00 and set an “overweight” rating for the company in a research note on Friday, March 23rd. Finally, Maxim Group lowered their target price on Tsakos Energy Navigation from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, March 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Shares of TNP stock traded down $0.01 on Friday, hitting $3.49. The stock had a trading volume of 18,504 shares, compared to its average volume of 295,281. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $296.25, a PE ratio of 14.58 and a beta of 1.26. Tsakos Energy Navigation has a 1 year low of $3.11 and a 1 year high of $5.27.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Investors of record on Thursday, May 3rd will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, May 2nd. This represents a $0.20 annualized dividend and a yield of 5.73%. Tsakos Energy Navigation’s payout ratio is 83.33%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TNP. Kopernik Global Investors LLC grew its stake in Tsakos Energy Navigation by 12.8% during the 4th quarter. Kopernik Global Investors LLC now owns 5,376,985 shares of the shipping company’s stock worth $21,024,000 after purchasing an additional 610,088 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Tsakos Energy Navigation by 218.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 323,107 shares of the shipping company’s stock worth $1,473,000 after purchasing an additional 221,587 shares in the last quarter. Millennium Management LLC acquired a new position in Tsakos Energy Navigation during the 4th quarter worth $466,000. Arrowstreet Capital Limited Partnership grew its stake in Tsakos Energy Navigation by 534.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,609 shares of the shipping company’s stock worth $374,000 after purchasing an additional 80,538 shares in the last quarter. Finally, Virtu Financial LLC grew its stake in Tsakos Energy Navigation by 679.3% during the 4th quarter. Virtu Financial LLC now owns 83,904 shares of the shipping company’s stock worth $328,000 after purchasing an additional 73,138 shares in the last quarter. 27.23% of the stock is owned by hedge funds and other institutional investors.

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Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Limited provides international seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services to national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 5, 2017, it operated a fleet of 62 double-hull vessels, including 57 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers.

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Earnings History and Estimates for Tsakos Energy Navigation (NYSE:TNP)

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