Zacks: Brokerages Anticipate TSAKOS ENERGY N/SH (NYSE:TNP) to Post -$0.11 Earnings Per Share
Wall Street brokerages expect TSAKOS ENERGY N/SH (NYSE:TNP) to report earnings per share (EPS) of ($0.11) for the current quarter, according to Zacks. Two analysts have issued estimates for TSAKOS ENERGY N/SH’s earnings, with estimates ranging from ($0.18) to ($0.03). TSAKOS ENERGY N/SH reported earnings per share of ($0.28) during the same quarter last year, which suggests a positive year-over-year growth rate of 60.7%. The company is expected to announce its next earnings report on Friday, November 29th.
On average, analysts expect that TSAKOS ENERGY N/SH will report full year earnings of ($0.12) per share for the current fiscal year, with EPS estimates ranging from ($0.35) to $0.12. For the next financial year, analysts expect that the company will post earnings of $0.81 per share, with EPS estimates ranging from $0.80 to $0.81. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for TSAKOS ENERGY N/SH.
TSAKOS ENERGY N/SH (NYSE:TNP) last posted its quarterly earnings data on Friday, September 6th. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The firm had revenue of $108.83 million during the quarter, compared to the consensus estimate of $99.61 million. TSAKOS ENERGY N/SH had a negative return on equity of 0.02% and a negative net margin of 11.59%.
Several hedge funds have recently added to or reduced their stakes in the company. Stephens Inc. AR boosted its position in shares of TSAKOS ENERGY N/SH by 43.3% in the 1st quarter. Stephens Inc. AR now owns 32,348 shares of the shipping company’s stock worth $100,000 after purchasing an additional 9,778 shares in the last quarter. Foundation Resource Management Inc. increased its position in TSAKOS ENERGY N/SH by 0.9% during the 2nd quarter. Foundation Resource Management Inc. now owns 480,816 shares of the shipping company’s stock valued at $1,582,000 after buying an additional 4,339 shares in the last quarter. NEXT Financial Group Inc bought a new position in TSAKOS ENERGY N/SH during the 2nd quarter valued at approximately $271,000. Envestnet Asset Management Inc. raised its stake in TSAKOS ENERGY N/SH by 42.1% during the second quarter. Envestnet Asset Management Inc. now owns 24,151 shares of the shipping company’s stock valued at $79,000 after buying an additional 7,159 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in TSAKOS ENERGY N/SH by 53.9% during the second quarter. JPMorgan Chase & Co. now owns 114,432 shares of the shipping company’s stock valued at $364,000 after buying an additional 40,080 shares during the last quarter. Hedge funds and other institutional investors own 22.38% of the company’s stock.
Shares of TNP stock traded down $0.04 during mid-day trading on Friday, reaching $3.09. 120,711 shares of the company’s stock traded hands, compared to its average volume of 130,767. The company’s 50-day moving average price is $2.98 and its 200-day moving average price is $3.17. The company has a market cap of $262.81 million, a P/E ratio of -4.01 and a beta of 1.32. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 0.94. TSAKOS ENERGY N/SH has a 12 month low of $2.56 and a 12 month high of $3.73.
About TSAKOS ENERGY N/SH
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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