Dynagas LNG Partners (DLNG) Expected to Announce Quarterly Earnings on Thursday

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, March 27th. Analysts expect Dynagas LNG Partners to post earnings of $0.28 per share and revenue of $38.34 million for the quarter.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The shipping company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.04. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. The company had revenue of $41.66 million during the quarter, compared to the consensus estimate of $38.34 million. On average, analysts expect Dynagas LNG Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Dynagas LNG Partners Trading Down 2.7 %

Shares of NYSE DLNG traded down $0.11 on Friday, reaching $3.91. 21,982 shares of the company traded hands, compared to its average volume of 56,929. Dynagas LNG Partners has a fifty-two week low of $2.60 and a fifty-two week high of $5.65. The company has a 50 day moving average of $4.40 and a 200 day moving average of $4.32. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $143.90 million, a PE ratio of 4.07 and a beta of 1.37.

Remove Ads

Dynagas LNG Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Monday, February 24th were given a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Monday, February 24th. Dynagas LNG Partners's dividend payout ratio (DPR) is presently 18.27%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Dynagas LNG Partners from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.