Analysts expect that TransMontaigne Partners L.P. (NYSE:TLP) will post earnings per share of $0.45 for the current quarter, Zacks reports. Three analysts have provided estimates for TransMontaigne Partners’ earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.65. TransMontaigne Partners posted earnings of $0.47 per share during the same quarter last year, which would suggest a negative year over year growth rate of 4.3%. The firm is expected to issue its next earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that TransMontaigne Partners will report full-year earnings of $1.75 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $2.16. For the next financial year, analysts forecast that the firm will report earnings of $2.05 per share, with EPS estimates ranging from $1.35 to $2.71. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow TransMontaigne Partners.

TransMontaigne Partners (NYSE:TLP) last released its earnings results on Thursday, August 9th. The pipeline company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.23). TransMontaigne Partners had a return on equity of 10.81% and a net margin of 19.14%. The firm had revenue of $55.34 million for the quarter, compared to analyst estimates of $57.48 million.

TLP has been the subject of a number of research reports. UBS Group decreased their target price on TransMontaigne Partners from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, August 10th. TheStreet downgraded TransMontaigne Partners from a “b” rating to a “c+” rating in a report on Wednesday. ValuEngine raised TransMontaigne Partners from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. Stifel Nicolaus downgraded TransMontaigne Partners from a “buy” rating to a “hold” rating and decreased their target price for the stock from $43.00 to $40.00 in a report on Wednesday, July 11th. Finally, B. Riley decreased their target price on TransMontaigne Partners from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, June 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $44.25.

Several institutional investors have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. acquired a new position in TransMontaigne Partners in the second quarter valued at approximately $201,000. Advisors Asset Management Inc. lifted its holdings in TransMontaigne Partners by 29.2% in the second quarter. Advisors Asset Management Inc. now owns 31,403 shares of the pipeline company’s stock valued at $447,000 after acquiring an additional 7,103 shares during the period. Stifel Financial Corp lifted its holdings in TransMontaigne Partners by 19.3% in the first quarter. Stifel Financial Corp now owns 15,769 shares of the pipeline company’s stock valued at $565,000 after acquiring an additional 2,556 shares during the period. Searle & CO. lifted its holdings in TransMontaigne Partners by 7.6% in the second quarter. Searle & CO. now owns 21,355 shares of the pipeline company’s stock valued at $787,000 after acquiring an additional 1,500 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in TransMontaigne Partners by 5.1% in the first quarter. California Public Employees Retirement System now owns 27,953 shares of the pipeline company’s stock valued at $1,000,000 after acquiring an additional 1,365 shares during the period. 62.03% of the stock is owned by hedge funds and other institutional investors.

TransMontaigne Partners stock opened at $38.58 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.64 and a quick ratio of 0.64. TransMontaigne Partners has a 52 week low of $33.97 and a 52 week high of $45.18. The stock has a market cap of $622.44 million, a P/E ratio of 22.05, a PEG ratio of 4.39 and a beta of 0.23.

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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