Zacks: Brokerages Anticipate TSAKOS ENERGY N/SH (NYSE:TNP) to Post -$0.16 Earnings Per Share
Analysts forecast that TSAKOS ENERGY N/SH (NYSE:TNP) will announce earnings per share of ($0.16) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for TSAKOS ENERGY N/SH’s earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.25). TSAKOS ENERGY N/SH posted earnings of ($0.18) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.1%. The firm is expected to report its next quarterly earnings report on Friday, September 6th.
On average, analysts expect that TSAKOS ENERGY N/SH will report full year earnings of ($0.08) per share for the current fiscal year, with EPS estimates ranging from ($0.48) to $0.31. For the next fiscal year, analysts anticipate that the company will post earnings of $0.55 per share, with EPS estimates ranging from ($0.05) to $0.91. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover TSAKOS ENERGY N/SH.
TSAKOS ENERGY N/SH (NYSE:TNP) last released its quarterly earnings results on Thursday, June 6th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $115.48 million for the quarter, compared to analysts’ expectations of $122.78 million. TSAKOS ENERGY N/SH had a negative net margin of 13.80% and a negative return on equity of 0.63%.
A number of hedge funds have recently made changes to their positions in TNP. SEI Investments Co purchased a new position in TSAKOS ENERGY N/SH in the 1st quarter valued at $312,000. Renaissance Technologies LLC lifted its holdings in TSAKOS ENERGY N/SH by 3.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,422,400 shares of the shipping company’s stock valued at $7,509,000 after purchasing an additional 75,600 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in TSAKOS ENERGY N/SH in the 1st quarter valued at $230,000. Morgan Stanley lifted its holdings in TSAKOS ENERGY N/SH by 48.9% in the 1st quarter. Morgan Stanley now owns 142,721 shares of the shipping company’s stock valued at $442,000 after purchasing an additional 46,853 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in TSAKOS ENERGY N/SH by 3.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 739,981 shares of the shipping company’s stock valued at $2,294,000 after purchasing an additional 23,200 shares in the last quarter. Institutional investors own 22.42% of the company’s stock.
TNP stock traded down $0.02 during midday trading on Friday, reaching $3.17. The stock had a trading volume of 200 shares, compared to its average volume of 108,049. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.17 and a current ratio of 1.25. The firm has a market capitalization of $280.34 million, a P/E ratio of -4.13 and a beta of 1.33. TSAKOS ENERGY N/SH has a 52-week low of $2.56 and a 52-week high of $3.99.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Friday, May 24th were issued a $0.05 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 6.31%. TSAKOS ENERGY N/SH’s payout ratio is currently -25.97%.
TSAKOS ENERGY N/SH Company Profile
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 20, 2018, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers.
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